Vroom, Inc. (NASDAQ:VRM) CFO David K. Jones sold 15,000 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $40.19, for a total value of $602,850.00. Following the sale, the chief financial officer now directly owns 64,813 shares of the company’s stock, valued at approximately $2,604,834.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:VRM opened at $38.44 on Thursday. The business’s 50-day moving average price is $39.89 and its 200 day moving average price is $41.41. Vroom, Inc. has a 52-week low of $26.96 and a 52-week high of $75.49.
Vroom (NASDAQ:VRM) last posted its quarterly earnings data on Tuesday, March 2nd. The company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.07). The firm had revenue of $405.80 million for the quarter, compared to the consensus estimate of $401.20 million. Vroom’s revenue for the quarter was up 14.1% on a year-over-year basis. Sell-side analysts anticipate that Vroom, Inc. will post -1.42 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Vroom by 7.7% in the 4th quarter. Amalgamated Bank now owns 4,928 shares of the company’s stock valued at $202,000 after buying an additional 352 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Vroom in the fourth quarter worth $26,000. Jacobi Capital Management LLC raised its holdings in shares of Vroom by 114.2% during the fourth quarter. Jacobi Capital Management LLC now owns 1,313 shares of the company’s stock worth $54,000 after acquiring an additional 700 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Vroom by 9.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,840 shares of the company’s stock valued at $403,000 after purchasing an additional 840 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Vroom by 164.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,452 shares of the company’s stock valued at $59,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 37.59% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Vroom from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company increased their target price on Vroom from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, February 16th. KeyCorp started coverage on shares of Vroom in a research note on Thursday, December 17th. They issued a “sector weight” rating for the company. Piper Sandler reduced their price objective on shares of Vroom from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, March 4th. Finally, Stifel Nicolaus dropped their target price on shares of Vroom from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, March 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.92.
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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