Wells Fargo analyst Sam Reid maintained a Hold rating on Vroom (VRM – Research Report) yesterday and set a price target of $1.00. The company’s shares closed yesterday at $1.06.
According to TipRanks, Reid is ranked #7406 out of 8281 analysts.
Currently, the analyst consensus on Vroom is a Hold with an average price target of $1.00, implying a -5.66% downside from current levels. In a report released on February 16, Piper Sandler also maintained a Hold rating on the stock with a $1.00 price target.
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VRM market cap is currently $137.6M and has a P/E ratio of -0.23.
Based on the recent corporate insider activity of 24 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.
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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.
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