Robert W. Baird gives a Neutral recommendation for Vroom Inc. (VRM)


Vroom Inc.’s recent filing unveils that its Director MYLOD ROBERT J JR acquired Company’s shares for reported $0.38 million on May 25. In the deal valued at $0.76 per share,500,000 shares were bought. As a result of this transaction, MYLOD ROBERT J JR now holds 970,138 shares worth roughly $ 1.27 million.

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Then, Zakowicz Agnieszka sold 6,131 shares, generating $4,731 in total proceeds. Upon selling the shares at $0.77, the Principal Accounting Officer now owns 371,802 shares.

Before that, Zakowicz Agnieszka sold 360 shares. Vroom Inc. shares valued at $289 were divested by the Principal Accounting Officer at a price of $0.80 per share. As a result of the transaction, Zakowicz Agnieszka now holds 202,933 shares, worth roughly $0.27 million.

Robert W. Baird downgraded its Vroom Inc. [VRM] rating to a Neutral from a an Outperform in a research note published on Friday, November 22, 2022; the price target was decreased to $2 from $3. PT values the company’s stock at a premium of 34.5 to its Friday closing price.

Price Performance Review of VRM

On Friday, Vroom Inc. [NASDAQ:VRM] saw its stock remained unchanged to $1.31. On the same session, the stock had its day’s lowest price of $1.29, but rose to a high of $1.3681. Over the last five days, the stock has gained 15.93%. Vroom Inc. shares have risen nearly 28.43% since the year began. Nevertheless, the stocks have fallen -19.63% over the past one year. While a 52-week high of $2.82 was reached on 07/19/23, a 52-week low of $0.73 was recorded on 05/04/23. SMA at 50 days reached $1.7122, while 200 days put it at $1.1682. A total of 2.39 million shares were traded, compared to the trading of 6.22 million shares in the previous session.

Levels Of Support And Resistance For VRM Stock

The 24-hour chart illustrates a support level at 1.2773, which if violated will result in even more drops to 1.2446. On the upside, there is a resistance level at 1.3554. A further resistance level may holdings at 1.4008. The Relative Strength Index (RSI) on the 14-day chart is 43.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1013, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.76%. Stochastics %K at 64.55% indicates the stock is a holding.

How much short interest is there in Vroom Inc.?

A steep rise in short interest was recorded in Vroom Inc. stocks on Aug 14, 2023, dropping by -1.3 million shares to a total of 15.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 17.01 million shares. There was a decline of -8.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.83.

Vroom Inc. [VRM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,200,482 shares, or roughly 4.47% of the outstanding VRM shares. In other words, the investor’s shares have fallen by -23,549 from its previous 13-F filing of 6224031.0.. Over the last quarter, BlackRock Fund Advisors sold -250,605 shares of Vroom Inc., while Bill & Melinda Gates Foundation T sold 0 shares. At present, Invesco Capital Management LLC is holding 1,850,189 shares valued at $4.27 million. Geode Capital Management LLC owned 1,317,560 shares of the company at the time of its most recent 13F filing, worth $3.04 million.

According to FactSet, Vroom Inc.’s share price will average $1.06 in the next year, based on opinions of analysts polled by the firm. This is down nearly -23.66 percent from its previous closing price of $1.31. Analysts expect Vroom Inc. stock to reach the higher price of $1.25, while the lowest price estimate is $1.00. However, 6 analysts have rated VRM stock as a Hold in their predictions for 2023.


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