The Vanguard Group, Inc. recently announced the acquisition of new stake in Vroom Inc. (NASDAQ:VRM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.71% to 6.24 million shares with purchase of 44000.0 shares. This fresh investment now brings its stake to 4.47% valued currently at $4.12 million. In addition, Charles Schwab Investment Managem raised its holdings by 1.34 million to 4.57 million shares. And Millennium Management LLC has lifted its position by 315.76% or 2.77 million shares – to 3.65 million shares.
Currently, there are 138.20M common shares owned by the public and among those 120.93M shares have been available to trade.
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Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 4,463,280 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 90,788 shares.
The top 3 mutual fund holders in Vroom Inc. are Vanguard Total Stock Market ETF, Schwab Fundamental US Small Compa, and Invesco FTSE RAFI US 1500 Small M. Vanguard Total Stock Market ETF owns 4.33 million shares of the company’s stock, all valued at over $2.86 million. Schwab Fundamental US Small Compa bought 5440.0 shares to see its total holdings expand to 3.75 million shares valued at over $2.48 million and representing 2.69% of the shares outstanding. Invesco FTSE RAFI US 1500 Small M now owns shares totaling to 1.36% of the shares outstanding.
However, the script later moved the day high at 0.9616, down -6.12%. The company’s stock has a 5-day price change of 17.95% and -31.25% over the past three months. VRM shares are trading -24.51% year to date (YTD), with the 12-month market performance down to -26.67% lower. It has a 12-month low price of $0.59 and touched a high of $2.82 over the same period. VRM has an average intraday trading volume of 2.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.84%, -5.39%, and -30.58% respectively.
Institutional ownership of Vroom Inc. (NASDAQ: VRM) shares accounts for 35.56% of the company’s 138.20M shares outstanding. Mutual fund holders own 16.01%, while other institutional holders and individual stakeholders account for 9.78% and 11.07% respectively.
It has a market capitalization of $107.62M and a beta (3y monthly) value of 2.15. The earnings-per-share (ttm) stands at -$1.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.16% over the week and 9.85% over the month.
Analysts forecast that Vroom Inc. (VRM) will achieve an EPS of -$0.5 for the current quarter, -$0.57 for the next quarter and -$1.72 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.64 while analysts give the company a high EPS estimate of -$0.37. Comparatively, EPS for the current quarter was -$0.61 a year ago. Earnings per share for the fiscal year are expected to increase by 24.14%, and 18.49% over the next financial year.
Looking at the support for the VRM, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on November 22, 2022, with the firm’s price target at $3-$2.
