Bloomberg reports that all nine rating agencies covering Vroom, Inc. (NASDAQ: VRM) have given the company a “Hold” rating as their recommendation for the best course of action for investors to take regarding the company. Two experts in equity research recommend buying the stock; three other experts recommend keeping their existing holdings, and one analyst suggests selling the stock. Analysts who have researched the company within the past year have predicted that its average price will reach $17.10 within the next 12 months after they made the prediction.
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Recent months have seen a rise in the number of brokerages engaging in discussions regarding VRM. The price target Stifel Nicolaus had established for Vroom was lowered from $2.00 to $1.50 due to an announcement made in a research note published on June 28. On Monday, August 15, JPMorgan Chase & Co. made public the findings of a research study in which the investment bank lowered its rating for Vroom from “neutral” to “underweight.”
As a result of the recent activity in the market, several hedge funds have recently made adjustments to their holdings of the stock. Krilogy Financial LLC increased its investment in Vroom by approximately $27,000 during the first quarter, bringing the total amount of capital the firm has contributed to Vroom to approximately $27,000. During the first three months of 2018, Legacy Advisors LLC invested approximately $27,000 in acquiring additional Vroom shares. Intercontinental Wealth Advisors LLC increased the size of its ownership stake in Vroom by investing approximately $28,000 during the first quarter of the year. During the first three months of 2018, MAS Advisors LLC made a brand new investment in Vroom. The value of this investment was approximately $29,000. This brings us to our final point: Brighton Jones LLC purchased a brand new position in Vroom during the first three months of the year for approximately $29,000. Currently, 37.76% of the company’s stock is owned by institutional investors.
NASDAQ On Friday, the first day of trading for VRM, the price was set at $1.13. The debt-to-equity ratio, the current ratio, and the ratio of quick assets all come in at 1.36, but the ratio of quick assets comes in at 1.20. The stock price has been stable at $1.66 over the past fifty days, and it has also been stable at that level over the past two hundred days. The moving average of the price over the past fifty days is $1.66. Vroom’s price ranged from $1.03 to $23.30 over the previous year, with $1.03 being its all-time low and $23.30 being its all-time high. The company’s market capitalization is currently $156.06 million, and its beta value is 1.63. At a value of 0.24, the price-to-earnings ratio is negative.
On August 8, Vroom’s most recent earnings report was made public. Vroom is a publicly traded company whose stock is denoted by the NASDAQ ticker: VRM. The company reported earnings per share (EPS) for the quarter of $0.73, which was $0.04 higher than the estimated floating around the internet, which was $0.77. The analysts’ range of estimates for the revenue the company would generate during the quarter is from $543.88 million to $475.44 million. The analysts provided this range of estimates. Vroom had a negative return on equity of 55.16% and a negative net margin of 20.23%. Both of these figures were in red for the company. Vroom’s quarterly revenue was down by 37.6% compared to the same period the previous year. The company lost $0.48 per share during the previous year. Equity analysts project that Vroom will have earnings per share (EPS) for the current fiscal year, which is -2.9.
The United States is home to the headquarters of Vroom, Inc., an organization that operates as an online reseller of previously owned automobiles. It maintains a full-service e-commerce platform, which enables the buying, selling, transporting, reconditioning, pricing, financing, and registering of vehicles, as well as delivering these services to customers. In addition to that, it offers delivery services. The company formerly went by Auto America, Inc. until July 2015, when it decided to switch to Vroom, Inc.
Read More: Analysts give Vroom, Inc. (NASDAQ:VRM) an average rating of “Hold.”