Mudrick Capital Management, L. Buys 15,595 Shares of Vroom (NASDAQ:VRM) Stock

Vroom, Inc. (NASDAQ:VRM) Director Mudrick Capital Management, L. purchased 15,595 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $7.22 per share, for a total transaction of $112,595.90. Following the acquisition, the director owned 3,982,846 shares of the company’s stock, valued at $28,756,148.12. This trade represents a 0.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Vroom Price Performance

Shares of NASDAQ VRM opened at $10.70 on Thursday. Vroom, Inc. has a twelve month low of $7.22 and a twelve month high of $34.99. The firm has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $16.09. The company has a market capitalization of $55.75 million, a PE ratio of -0.84 and a beta of 1.20. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 6.16.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Vroom in a research note on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Vroom

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Silverback Asset Management LLC increased its stake in Vroom by 2.9% in the first quarter. Silverback Asset Management LLC now owns 437,936 shares of the company’s stock valued at $5,829,000 after purchasing an additional 12,448 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Vroom during the second quarter valued at about $594,000. General Catalyst Group Management LLC acquired a new position in shares of Vroom during the second quarter valued at about $218,000. New York State Common Retirement Fund acquired a new position in shares of Vroom during the second quarter valued at about $103,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Vroom during the third quarter valued at about $47,000. 25.79% of the stock is owned by 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.