Vroom (NASDAQ:VRM) Stock Price Down 0.3% – What’s Next?

Vroom, Inc. (NASDAQ:VRM)’s share price fell 0.3% during mid-day trading on Friday . The company traded as low as $9.18 and last traded at $9.20. Approximately 3,074 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 10,591 shares. The stock had previously closed at $9.23.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vroom in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Vroom Stock Down 0.3%

The firm has a fifty day moving average of $8.25 and a 200-day moving average of $12.61. The firm has a market cap of $48.12 million, a P/E ratio of -0.83 and a beta of 1.23.

Vroom (NASDAQ:VRM) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3.77) earnings per share for the quarter. Vroom had a negative return on equity of 47.65% and a negative net margin of 32.38%.The firm had revenue of $37.62 million for the quarter.

Insider Activity at Vroom

In other Vroom news, Director Mudrick Capital Management, L. acquired 15,595 shares of Vroom stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $7.22 per share, with a total value of $112,595.90. Following the completion of the purchase, the director owned 3,982,846 shares in the company, valued at $28,756,148.12. The trade was a 0.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Mylod, Jr. sold 13,171 shares of Vroom stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.22, for a total transaction of $95,094.62. The SEC filing for this sale provides additional information. 2.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new stake in Vroom in the second quarter valued at about $594,000. Russell Investments Group Ltd. bought a new position in Vroom during the third quarter worth about $47,000. JPMorgan Chase & Co. boosted its holdings in Vroom by 129.5% during the third quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after buying an additional 772 shares during the last quarter. General Catalyst Group Management LLC acquired a new position in shares of Vroom during the 2nd quarter worth about $218,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Vroom during the 2nd quarter worth about $103,000. 25.79% of the stock is currently owned by institutional investors.

Vroom Company Profile

Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. Vroom, Inc was incorporated in 2012 and is based in Houston, Texas.