Vroom (NASDAQ:VRM)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research report issued on Tuesday, AnalystRatings.com reports. They presently have a $65.00 price objective on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 36.34% from the company’s previous close.

A number of other research analysts have also recently commented on VRM. Wells Fargo & Company upped their price objective on Vroom from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, February 16th. Bank of America initiated coverage on shares of Vroom in a research note on Tuesday, November 10th. They set a “buy” rating and a $70.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Vroom in a research report on Friday, December 4th. They set a “hold” rating and a $38.00 price target for the company. KeyCorp started coverage on shares of Vroom in a report on Thursday, December 17th. They issued a “sector weight” rating on the stock. Finally, Truist began coverage on shares of Vroom in a research report on Tuesday, December 15th. They set a “buy” rating and a $58.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.62.

VRM opened at $47.68 on Tuesday. The company’s 50 day simple moving average is $42.16 and its two-hundred day simple moving average is $46.09. Vroom has a 1-year low of $32.00 and a 1-year high of $75.49.

In related news, CFO David K. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $34.92, for a total transaction of $349,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David K. Jones sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 18th. The stock was sold at an average price of $40.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer now owns 51,778 shares in the company, valued at $2,071,120. The disclosure for this sale can be found here. Insiders sold a total of 116,380 shares of company stock valued at $5,336,888 in the last three months.

Institutional investors and hedge funds have recently made changes to their positions in the company. General Catalyst Group Management LLC purchased a new stake in shares of Vroom during the 4th quarter worth $247,937,000. Baillie Gifford & Co. increased its holdings in Vroom by 131.1% in the fourth quarter. Baillie Gifford & Co. now owns 9,868,922 shares of the company’s stock valued at $404,330,000 after buying an additional 5,599,391 shares during the last quarter. BlackRock Inc. raised its stake in Vroom by 229.1% in the third quarter. BlackRock Inc. now owns 5,068,618 shares of the company’s stock valued at $262,452,000 after buying an additional 3,528,678 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Vroom by 116.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,319,248 shares of the company’s stock worth $120,091,000 after buying an additional 1,248,659 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Vroom during the 4th quarter worth about $35,197,000. Institutional investors and hedge funds own 37.59% of the company’s stock.

Vroom Company Profile

Vroom, Inc operates an e-commerce platform for buying, selling, and trading of new and used cars in the United States. It also offers financing solutions. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015. The company was founded in 2012 and is headquartered in New York, New York.

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Analyst Recommendations for Vroom (NASDAQ:VRM)

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