A Guide To The Risks Of Investing In Verra Mobility Corporation (VRRM)


Verra Mobility Corporation’s recent filing unveils that its President and CEO ROBERTS DAVID MARTIN unloaded Company’s shares for reported $0.43 million on Feb 27. In the deal valued at $17.09 per share,25,000 shares were sold. As a result of this transaction, ROBERTS DAVID MARTIN now holds 510,636 shares worth roughly $ 8.7 million.

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Then, ROBERTS DAVID MARTIN sold 25,000 shares, generating $421,205 in total proceeds. Upon selling the shares at $16.85, the President and CEO now owns 535,636 shares.

Robert W. Baird downgraded its Verra Mobility Corporation [VRRM] rating to a Neutral from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 5.33 to its Monday closing price. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late March with a ‘”a Hold”‘ rating. Morgan Stanley also remained covering VRRM and has decreased its forecast on May 26, 2021 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on February 26, 2021. It rated VRRM as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of VRRM

On Monday, Verra Mobility Corporation [NASDAQ:VRRM] saw its stock jump 1.13% to $17.04. On the same session, the stock had its day’s lowest price of $16.63, but rose to a high of $17.205. Over the last five days, the stock has gained 7.24%. Verra Mobility Corporation shares have risen nearly 23.21% since the year began. Nevertheless, the stocks have fallen -2.85% over the past one year. While a 52-week high of $17.82 was reached on 02/27/23, a 52-week low of $12.70 was recorded on 01/06/23. SMA at 50 days reached $14.89, while 200 days put it at $15.62. A total of 5.54 million shares were traded, compared to the trading of 7.95 million shares in the previous session.

Levels Of Support And Resistance For VRRM Stock

The 24-hour chart illustrates a support level at 16.71, which if violated will result in even more drops to 16.38. On the upside, there is a resistance level at 17.29. A further resistance level may holdings at 17.53. The Relative Strength Index (RSI) on the 14-day chart is 72.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.62%. Stochastics %K at 90.62% indicates the stock is a selling.

How much short interest is there in Verra Mobility Corporation?

A steep rise in short interest was recorded in Verra Mobility Corporation stocks on Jan 30, 2023, growing by 0.54 million shares to a total of 10.48 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 9.94 million shares. There was a rise of 5.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.52.

Verra Mobility Corporation [VRRM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,323,331 shares, or roughly 9.56% of the outstanding VRRM shares. In other words, the investor’s shares have risen by 17,472 from its previous 13-F filing of 14305859.0.. Over the last quarter, BlackRock Fund Advisors purchased 299,973 shares of Verra Mobility Corporation, while Wellington Management Co. LLP bought 1,086,253 shares. At present, Mackenzie Financial Corp. is holding 6,459,559 shares valued at $99.67 million. GCM Grosvenor Holdings LLC owned 5,967,474 shares of the company at the time of its most recent 13F filing, worth $92.08 million.

According to FactSet, Verra Mobility Corporation’s share price will average $19.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.79 percent from its previous closing price of $16.85. Analysts expect Verra Mobility Corporation stock to reach the higher price of $23.00, while the lowest price estimate is $16.00. However, 7 analysts have rated VRRM stock as an Overweight in their predictions for 2023. The most recent change occurred on June 12, 2020 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating.


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