Vroom (NASDAQ:VRM) Trading Down 0.3% – Here’s What Happened

Vroom, Inc. (NASDAQ:VRM) fell 0.3% on Friday . The stock traded as low as $9.18 and last traded at $9.20. Approximately 3,074 shares changed hands during trading, a decline of 71% from the average session volume of 10,591 shares. The stock had previously closed at $9.23.

Analyst Ratings Changes

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

Vroom Stock Down 0.3%

The firm has a 50 day moving average price of $8.25 and a 200-day moving average price of $12.61. The stock has a market capitalization of $48.15 million, a PE 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) EPS for the quarter. Vroom had a negative net margin of 32.38% and a negative return on equity of 47.65%. The business had revenue of $37.62 million for the quarter.

Insider Buying and Selling

In other news, Director Robert J. 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 transaction of $95,094.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mudrick Capital Management, L. purchased 15,595 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $7.22 per share, for a total transaction of $112,595.90. Following the completion of the acquisition, the director directly owned 3,982,846 shares of the company’s stock, valued at $28,756,148.12. This represents a 0.39% increase in their position. The SEC filing for this purchase provides additional information. 2.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Vroom by 129.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after acquiring an additional 772 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Vroom during the third quarter worth about $47,000. New York State Common Retirement Fund purchased a new position in Vroom in the 2nd quarter valued at about $103,000. General Catalyst Group Management LLC acquired a new stake in Vroom in the 2nd quarter worth about $218,000. Finally, Geode Capital Management LLC purchased a new stake in Vroom during the 2nd quarter worth approximately $594,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

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.