In a report released on November 8, Colin Sebastian from Robert W. Baird maintained a Buy rating on Vroom (VRM – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $0.92.
According to TipRanks, Sebastian is a 4-star analyst with an average return of 5.0% and a 46.70% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Meta Platforms, and Shopify.
The word on The Street in general, suggests a Hold analyst consensus rating for Vroom with a $1.95 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $21.15 and a one-year low of $0.83. Currently, Vroom has an average volume of 7.13M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vroom Inc is engaged in the business of buying and selling used vehicles through its e-commerce platform. The company functions in three segments namely, Ecommerce, which involves retail sales of used vehicles through the company’s ecommerce platform and fees earned on sales of value-added products associated with those vehicles sales. The TDA reportable segment represents retail sales of used vehicles from TDA and fees earned on sales of value-added products associated with those vehicles sales. The wholesale reportable segment represents sales of used vehicles through wholesale auctions.
Read More on VRM:
