RumbleON, Inc. (NASDAQ:RMBL – Get Rating) has an average rating of “Moderate Buy” from the six rating agencies that currently cover the company, reports MarketBeat Ratings. One analyst has rated the stock with a Hold rating and one has given the company a Buy rating. The average 12-month target price among brokers who have rated the stock over the past year is $33.00.
A number of equities research analysts have rated RMBL stocks. Robert W. Baird increased his price target on RumbleON from $25.00 to $30.00 in a research note on Wednesday, August 10. B. Riley lowered its price target on RumbleON to $38.00 from $41.00 and gave the company a buy rating in a research note on Tuesday, July 12. TheStreet upgraded shares of RumbleON from a “d+” rating to a “c-” rating in a report on Wednesday, August 17th. Wolfe Research began reporting shares of RumbleON in a research note on Wednesday. They gave the stock a peer perform rating. Finally, DA Davidson raised its price target for shares of RumbleON to $34.00 in a research note on Monday, August th.
Insider buying and selling
Also on Monday, August 15, Director Adam Alexander acquired 1,717 shares of RumbleON in a transaction. The stock was purchased at an average price of $26.12 per share for a total value of $44,848.04. Upon completion of the purchase, the Director now owns 28,799 shares of the Company, valued at $752,229.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 3.30% of the shares are currently owned by company insiders.
Institutional investors rely on RumbleON
A number of major investors recently changed their positions in the company. B. Riley Wealth Management Inc. acquired a new position in RumbleON valued at approximately $1,349,000 during the second quarter. Goldman Sachs Group Inc. increased its position in RumbleON shares by 520.0% during the second quarter. Goldman Sachs Group Inc. now owns 110,212 shares of the company’s stock valued at $1,622,000 after purchasing an additional 92,435 shares during the period. Pentwater Capital Management LP increased its holding in RumbleON stock by 150.0% during the second quarter. Pentwater Capital Management LP now owns 25,000 shares of the company valued at $368,000 after purchasing an additional 15,000 shares last quarter. Corton Capital Inc. acquired a new position in RumbleON valued at $229,000 during the second quarter. Finally, Delphia USA Inc. acquired a new stake in RumbleON valued at approximately $267,000 in Q2. Institutional investors and hedge funds own 41.41% of the company’s shares.
RumbleON price performance
NASDAQ RMBL shares opened at $21.73 on Wednesday. The company’s 50-day simple moving average is $21.09 and its 200-day simple moving average is $21.81. The stock has a market cap of $347.25 million, a P/E of -48.29 and a beta of 2.51. The company has a quick ratio of 0.55, a current ratio of 1.55 and a debt to equity ratio of 0.79. RumbleON has a 52-week low of $12.80 and a 52-week high of $48.45.
RumbleON (NASDAQ:RMBL – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $1.20 per share for the quarter, beating analysts’ consensus estimate of $0.97 by $0.23. The company had revenue of $546.10 million for the quarter, compared to the consensus estimate of $520.77 million. RumbleON had a net margin of 1.28% and a return on equity of 3.21%. Equity analysts expect RumbleON to post 2.5 EPS for the year to date.
RumbleON, Inc operates a technology-based omnichannel platform for collecting and distributing used vehicles in North America. It operates through three segments: Powersports, Automotive and Vehicle Logistics. The Powersports segment sells motorcycles. The Automotive segment sells cars and trucks.
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