Vroom, Inc. (NASDAQ:VRM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Vroom, Inc. (NASDAQ:VRM) have received a consensus recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $45.00.

A number of brokerages recently issued reports on VRM. Stifel Nicolaus cut their price objective on Vroom from $46.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, November 10th. They noted that the move was a valuation call. Truist dropped their target price on Vroom from $54.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 11th. Truist Securities dropped their target price on Vroom from $54.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 11th. Zacks Investment Research downgraded Vroom from a “buy” rating to a “hold” rating in a research report on Tuesday, October 26th. Finally, Raymond James dropped their target price on Vroom from $53.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, November 11th.

Shares of NASDAQ:VRM traded down $0.06 during midday trading on Thursday, reaching $15.71. 2,403,000 shares of the company’s stock were exchanged, compared to its average volume of 2,398,116. The firm’s 50 day simple moving average is $20.78 and its two-hundred day simple moving average is $31.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.89 and a quick ratio of 2.51. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -7.04 and a beta of 1.63. Vroom has a fifty-two week low of $15.30 and a fifty-two week high of $53.33.

Vroom (NASDAQ:VRM) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.04. Vroom had a negative return on equity of 25.76% and a negative net margin of 11.36%. During the same quarter in the prior year, the business posted ($0.31) earnings per share. Equities research analysts predict that Vroom will post -2.53 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Vroom by 31.8% during the third quarter. Bank of New York Mellon Corp now owns 361,722 shares of the company’s stock worth $7,983,000 after purchasing an additional 87,321 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Vroom during the third quarter worth approximately $3,262,000. Janus Henderson Group PLC lifted its stake in Vroom by 5.7% during the third quarter. Janus Henderson Group PLC now owns 7,245,289 shares of the company’s stock worth $159,903,000 after purchasing an additional 393,165 shares during the last quarter. Tiger Management L.L.C. purchased a new stake in Vroom during the third quarter worth approximately $898,000. Finally, Twinbeech Capital LP purchased a new stake in Vroom during the third quarter worth approximately $2,318,000.

About Vroom

Vroom, Inc operates an e-commerce platform for buying and selling 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 incorporated in 2012 and is headquartered in New York, New York.

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Analyst Recommendations for Vroom (NASDAQ:VRM)

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