Vroom (NASDAQ:VRM) Trading Up 14.7% – What’s Next?

Vroom, Inc. (NASDAQ:VRM) shares traded up 14.7% during trading on Monday . The company traded as high as $19.82 and last traded at $13.56. 79,900 shares traded hands during trading, an increase of 724% from the average session volume of 9,691 shares. The stock had previously closed at $11.82.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Vroom in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Vroom Stock Up 14.7%

The business has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $21.13. The company has a market capitalization of $70.51 million, a price-to-earnings ratio of -0.51 and a beta of 1.26. The company has a debt-to-equity ratio of 3.97, a quick ratio of 3.33 and a current ratio of 3.33.

Hedge Funds Weigh In On Vroom

Several institutional investors have recently bought and sold shares of VRM. JPMorgan Chase & Co. raised its position in Vroom by 129.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,368 shares of the company’s stock worth $37,000 after buying an additional 772 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Vroom in the third quarter valued at about $47,000. General Catalyst Group Management LLC acquired a new position in shares of Vroom during the second quarter worth about $218,000. Mudrick Capital Management L.P. increased its stake in shares of Vroom by 0.4% during the second quarter. Mudrick Capital Management L.P. now owns 3,967,251 shares of the company’s stock worth $113,106,000 after acquiring an additional 15,020 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of Vroom during the second quarter worth about $103,000. 25.79% of the stock is owned by institutional investors and hedge funds.

About Vroom

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.