Vroom (NASDAQ:VRM) Director Purchases $112,595.90 in Stock

Vroom, Inc. (NASDAQ:VRM) Director Mudrick Capital Management, L. bought 15,595 shares of Vroom stock in a transaction that occurred 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 purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vroom Stock Performance

Shares of VRM opened at $10.16 on Friday. The company has a debt-to-equity ratio of 6.16, a quick ratio of 5.58 and a current ratio of 5.58. The stock has a 50-day moving average of $12.64 and a two-hundred day moving average of $16.03. The stock has a market cap of $52.93 million, a P/E ratio of -0.80 and a beta of 1.20. Vroom, Inc. has a one year low of $7.22 and a one year high of $34.99.

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

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Vroom

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 772 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Vroom in the 3rd quarter valued at about $47,000. New York State Common Retirement Fund acquired a new position in shares of Vroom in the 2nd quarter valued at about $103,000. General Catalyst Group Management LLC purchased a new stake in shares of Vroom in the second quarter worth about $218,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Vroom in the second quarter worth about $594,000. 25.79% of the stock is owned by hedge funds and other institutional investors.

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.