Vroom (NASDAQ:VRM) Trading Down 0.3% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vroom in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Vroom has an average rating of “Sell”.

Vroom Trading Down 0.3%

The stock has a market cap of $48.12 million, a price-to-earnings ratio of -0.83 and a beta of 1.23. The company has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $12.61.

Vroom (NASDAQ:VRM) last posted its quarterly earnings data 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 return on equity of 47.65% and a negative net margin of 32.38%.

Insider Buying and Selling

In other news, Director Mudrick Capital Management, L. purchased 15,595 shares of Vroom stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $7.22 per share, with a total value of $112,595.90. Following the transaction, the director directly owned 3,982,846 shares in the company, valued at $28,756,148.12. The trade was a 0.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Mylod, Jr. sold 13,171 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.22, for a total transaction of $95,094.62. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.87% of the company’s stock.

Institutional Investors Weigh In On Vroom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRM. Silverback Asset Management LLC boosted its stake in shares of Vroom by 2.9% during the 1st quarter. Silverback Asset Management LLC now owns 437,936 shares of the company’s stock worth $5,829,000 after buying an additional 12,448 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vroom by 129.5% in 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 in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Vroom in the third quarter valued at about $47,000. General Catalyst Group Management LLC acquired a new stake in shares of Vroom in the second quarter valued at about $218,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Vroom in the second quarter valued at about $103,000. 25.79% of the stock is currently owned by institutional investors and hedge funds.

Vroom Company Profile

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.