Vroom, Inc. (NASDAQ:VRM – Get Rating) has earned an average rating of "Hold" from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.10.
VRM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Vroom from a "neutral" rating to an "underweight" rating in a report on Monday, August 15th. Stifel Nicolaus reduced their price objective on Vroom from $2.00 to $1.50 in a research report on Tuesday, June 28th.
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Hedge Funds Weigh In On Vroom
Large investors have recently made changes to their positions in the business. Krilogy Financial LLC bought a new position in Vroom during the first quarter valued at about $27,000. Legacy Advisors LLC bought a new position in Vroom during the first quarter valued at about $27,000. MAS Advisors LLC bought a new position in Vroom during the first quarter valued at about $29,000. Intercontinental Wealth Advisors LLC bought a new position in Vroom during the first quarter valued at about $28,000. Finally, Ensign Peak Advisors Inc bought a new position in Vroom during the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 37.76% of the company's stock.
Vroom Stock Performance
Shares of NASDAQ VRM opened at $1.69 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $233.40 million, a price-to-earnings ratio of -0.36 and a beta of 1.60. The stock's fifty day simple moving average is $1.74 and its 200 day simple moving average is $1.87. Vroom has a 52-week low of $1.03 and a 52-week high of $26.32.
Vroom (NASDAQ:VRM – Get Rating) last issued its earnings results on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.77) by $0.04. Vroom had a negative return on equity of 55.16% and a negative net margin of 20.23%. The business had revenue of $475.44 million for the quarter, compared to analysts' expectations of $543.88 million. During the same period in the previous year, the firm posted ($0.48) EPS. The company's quarterly revenue was down 37.6% on a year-over-year basis. As a group, sell-side analysts forecast that Vroom will post -2.91 earnings per share for the current fiscal year.
About Vroom
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Vroom, Inc operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015.
Further Reading
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