Stock Traders Buy High Volume Vroom Put Options (NASDAQ:VRM)

Vroom, Inc. (NASDAQ:VRM – Get Rating) was the beneficiary of unusually large options trades on Thursday. Traders bought 50,777 put options on the stock. This represents a 211% increase from the average daily volume of 16,306 put options.

Institutional investors weigh in on Vroom

Several institutional investors and hedge funds have recently changed their positions in VRM. Colony Group LLC acquired a new position in Vroom during the second quarter worth $47,000. AQR Capital Management LLC increased its position in Vroom by 756.7% during the second quarter. AQR Capital Management LLC now owns 121,362 shares of the company valued at $144,000 after purchasing an additional 107,195 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Vroom during the second quarter worth $63,000. Virtu Financial LLC acquired a new position in Vroom during the second quarter worth $254,000. Finally, Gamco Investors INC. ET AL increased its position in Vroom shares by 1.7% in the second quarter. Gamco Investors Inc. ET AL now owns 306,030 shares of the company worth $383,000 after acquiring an additional 5,098 shares during the period. 37.76% of the shares are currently held by institutional investors and hedge funds.

Changes to analyst ratings

A number of equity research analysts have published VRM stock reports. Stifel Nicolaus reduced his price target on Vroom from $2.00 to $1.50 in a Tuesday, June 28 research note. JPMorgan Chase & Co. downgraded Vroom from a “neutral” rating to an “underweight” rating in a Monday, August 15 research note. One research analyst rated the stock with a sell rating, four gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.56.

Vroom is trading up 1.2%

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NASDAQ:VRM shares rose $0.02 during Thursday’s trading, hitting $1.68. 73,289 shares of the company were traded, against an average volume of 10,855,691. The company has a market capitalization of $232.02 million, a PE ratio of -0.35 and a beta of 1.60. The company’s fifty-day simple moving average is $1.70 and its 200-day simple moving average is $2.01. The company has a debt ratio of 1.36, a current ratio of 1.76 and a quick ratio of 1.20. Vroom has a 12-month low of $1.03 and a 12-month high of $27.43.

Vroom (NASDAQ:VRM – Get Rating) last released its quarterly results on Monday, August 8. The company reported ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.04. Vroom had a negative net margin of 20.23% and a negative return on equity of 55.16%. The company posted revenue of $475.44 million for the quarter, versus analyst estimates of $543.88 million. During the same period of the previous year, the company made ($0.48) earnings per share. The company’s revenue for the quarter was down 37.6% year over year. On average, research analysts expect Vroom to post -2.88 EPS for the current year.

Vroom Company Profile

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Vroom, Inc operates as an e-commerce used automobile retailer in the United States. It operates an end-to-end e-commerce platform for buying, selling, transporting, refurbishing, pricing, financing, registering and delivering vehicles. The company was previously known as Auto America, Inc and changed its name to Vroom, Inc in July 2015.

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