Lazard Asset Management LLC Purchases Shares of 40,935 Vroom, Inc. (NASDAQ:VRM)

Lazard Asset Management LLC purchased a new stake in Vroom, Inc. (NASDAQ:VRM – Get Rating) during the third quarter, according to its most recent filing with the SEC. The fund purchased 40,935 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VRM. Gamco Investors INC. ET AL grew its stake in shares of Vroom by 1.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 306,030 shares of the company’s stock worth $383,000 after buying an additional 5,098 shares in the last quarter. MAS Advisors LLC purchased a new position in shares of Vroom in the 1st quarter worth $29,000. Envestnet Asset Management Inc. grew its stake in shares of Vroom by 22.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 55,970 shares of the company’s stock worth $149,000 after buying an additional 10,424 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Vroom in the 1st quarter worth $29,000. Finally, Swiss National Bank grew its stake in shares of Vroom by 7.4% in the 1st quarter. Swiss National Bank now owns 161,900 shares of the company’s stock worth $431,000 after buying an additional 11,200 shares in the last quarter. 32.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on VRM shares. Jefferies Financial Group dropped their price objective on shares of Vroom from $1.30 to $1.10 in a research note on Friday, December 9th. JPMorgan Chase & Co. raised shares of Vroom from an “underweight” rating to a “neutral” rating in a research note on Thursday, November 17th. Finally, Robert W. Baird cut shares of Vroom from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 22nd.

Vroom Price Performance

Vroom stock opened at $0.93 on Wednesday. The stock has a market cap of $128.16 million, a price-to-earnings ratio of -0.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.73 and a quick ratio of 1.28. Vroom, Inc. has a 1 year low of $0.83 and a 1 year high of $3.40. The firm has a 50-day moving average of $1.06 and a two-hundred day moving average of $1.18.

Vroom Company Profile

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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.