Vroom (NASDAQ:VRM) Director Sells $95,094.62 in Stock

Vroom, Inc. (NASDAQ:VRM) Director Robert Mylod, Jr. sold 13,171 shares of Vroom stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.22, for a total value of $95,094.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Vroom Price Performance

NASDAQ VRM traded up $2.82 during trading on Wednesday, hitting $10.70. 693,609 shares of the stock traded hands, compared to its average volume of 15,057. The company has a market capitalization of $55.73 million, a P/E ratio of -0.84 and a beta of 1.20. The firm has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $16.15. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 6.16. Vroom, Inc. has a 12-month low of $7.22 and a 12-month high of $34.99.

Vroom (NASDAQ:VRM) last released its quarterly earnings results on Friday, May 15th. The company reported ($3.77) earnings per share for the quarter. The firm had revenue of $37.62 million for the quarter. Vroom had a negative net margin of 37.16% and a negative return on equity of 51.07%.

Hedge Funds Weigh In On Vroom

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Vroom by 129.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock valued at $37,000 after acquiring an additional 772 shares during the period. Russell Investments Group Ltd. purchased a new position in Vroom during the 3rd quarter valued at $47,000. New York State Common Retirement Fund purchased a new position in Vroom during the 2nd quarter valued at $103,000. General Catalyst Group Management LLC purchased a new position in Vroom during the 2nd quarter valued at $218,000. Finally, Geode Capital Management LLC purchased a new position in Vroom during the 2nd quarter valued at $594,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Vroom in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Vroom

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.