Robert W. Baird Lowers Vroom (NASDAQ:VRM) to Neutral

Robert W. Baird reduced shares Vroom (NASDAQ: VRM – Get Rating) In a research report released on Tuesday, MarketBeat Ratings downgraded the rating from outperform rating to neutral rating.

Separately, JPMorgan Chase & Co. upgraded shares of Vroom from Underweight rating to Neutral rating in a research report on Thursday, November 17. Six equity research analysts have a hold rating on the company and one has issued a buy rating on the company. Voom has a consensus rating of Hold and a consensus price target of $10.93, based on data from MarketBeat.

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VRM opened Tuesday at $1.16. The 12-month low for VOOM is $0.83 and the 12-month high is $16.63. The company’s current ratio is 1.91, quick ratio is 1.30 and debt-to-equity ratio is 1.37. The company’s 50-day moving average is $1.19 and 200-day moving average is $1.42.

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Voom (NASDAQ: VRM – Receive Rating) last posted its quarterly earnings data on Monday, November 7. The company reported earnings per share ($0.64) for the quarter, missing consensus estimates ($0.05) of ($0.59). VOOM had a negative return on equity of 67.54% and negative net margin of 22.68%. The firm had revenue of $340.80 million for the quarter, compared to analyst estimates of $408.27 million. Analysts expect Vroom to post -2.93 earnings per share for the current fiscal year.

Institutional investors weigh in on Var

Several large investors have bought and sold shares of the stock recently. In the second quarter, Minot Wealth Management LLC increased its stake in Vroom’s shares to 31.8%. Minot Wealth Management LLC now owns 41,462 shares of the company’s stock valued at $52,000 after purchasing an additional 10,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in Vroom shares worth $182,000 in the first quarter. Truist Financial Corp increased its stake in Voom shares to 66.5% in the first quarter. Truist Financial Corp now owns 52,952 shares of the company’s stock valued at $141,000 after purchasing an additional 21,154 shares in the last quarter. Parametrica Management Ltd bought a new position in Voom shares in the first quarter valued at $32,000. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Vroom in the first quarter valued at $14,157,000. 37.76% of the stock is currently owned by institutional investors and hedge funds.

VOOM Company Profile

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VOOM, Inc. operates as an e-commerce used automotive retailer in the United States. It operates an end-to-end ecommerce platform for buying, selling, transporting, repairing, pricing, financing, registering and delivering vehicles. The company was formerly known as Auto America, Inc and was renamed Vroom, Inc in July 2015.

Further reading

Analyst Recommendations for Voom (NASDAQ:VRM)

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