Vroom Target of Unusually Large Options Trading (NASDAQ:VRM)
Posted On August 6, 2022
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Vroom, Inc. (NASDAQ:VRM – Get Rating) was the recipient of unusually large options trading on Friday. Investors bought 29,735 call options on the company. This represents an increase of approximately 159% compared to the typical volume of 11,470 call options.
Institutional Trading of Vroom
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRM. Krilogy Financial LLC purchased a new position in Vroom during the first quarter valued at approximately $27,000. Legacy Advisors LLC purchased a new position in shares of Vroom during the 1st quarter valued at approximately $27,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Vroom in the 1st quarter valued at $28,000. MAS Advisors LLC purchased a new stake in Vroom during the first quarter worth $29,000. Finally, Brighton Jones LLC acquired a new stake in Vroom during the first quarter valued at $29,000. Institutional investors and hedge funds own 83.92% of the company’s stock.
Wall Street Analyst Weigh In
VRM has been the topic of a number of analyst reports. William Blair cut shares of Vroom from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 28th. Stifel Nicolaus reduced their price objective on shares of Vroom from $2.00 to $1.50 in a research report on Tuesday, June 28th. Finally, Wedbush restated an “outperform” rating on shares of Vroom in a research report on Tuesday, May 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.28.
Vroom Stock Performance
Shares of NASDAQ:VRM opened at $2.32 on Friday. The firm has a 50 day moving average of $1.45 and a 200 day moving average of $2.89. The company has a quick ratio of 1.10, a current ratio of 1.83 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $320.32 million, a price-to-earnings ratio of -0.53 and a beta of 1.85. Vroom has a 52 week low of $1.03 and a 52 week high of $39.48.
Vroom (NASDAQ:VRM – Get Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.71) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.32. The company had revenue of $923.50 million during the quarter, compared to analysts’ expectations of $878.18 million. Vroom had a negative net margin of 17.18% and a negative return on equity of 41.73%. Vroom’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.57) earnings per share. On average, sell-side analysts predict that Vroom will post -3.06 earnings per share for the current fiscal year.
Vroom, Inc operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc and changed its name to Vroom, Inc in July 2015.
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