Union Square Park Capital Management LLC Reduces Holdings in RumbleOn, Inc. (NASDAQ:RMBL)

Union Square Park Capital Management LLC decreased its stake in shares of RumbleOn, Inc. (NASDAQ:RMBL - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 978,050 shares of the company's stock after selling 141,543 shares during the quarter. RumbleOn accounts for about 3.4% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Union Square Park Capital Management LLC owned about 2.77% of RumbleOn worth $5,311,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RMBL. Wells Fargo & Company MN increased its stake in RumbleOn by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,084 shares of the company's stock valued at $55,000 after acquiring an additional 2,689 shares during the period. Barclays PLC increased its stake in RumbleOn by 21.2% in the fourth quarter. Barclays PLC now owns 25,787 shares of the company's stock valued at $140,000 after acquiring an additional 4,509 shares during the period. Bank of New York Mellon Corp increased its stake in RumbleOn by 18.8% in the fourth quarter. Bank of New York Mellon Corp now owns 38,380 shares of the company's stock valued at $208,000 after acquiring an additional 6,084 shares during the period. Bank of America Corp DE increased its stake in RumbleOn by 39.3% in the fourth quarter. Bank of America Corp DE now owns 26,155 shares of the company's stock valued at $142,000 after acquiring an additional 7,383 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in RumbleOn by 72.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,621 shares of the company's stock valued at $117,000 after acquiring an additional 9,088 shares during the period. Institutional investors own 66.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on RMBL shares. DA Davidson reduced their price target on shares of RumbleOn from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Baird R W lowered shares of RumbleOn from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Wedbush reduced their price target on shares of RumbleOn from $5.50 to $5.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Finally, Robert W. Baird restated a "neutral" rating and issued a $3.00 price target (down from $5.00) on shares of RumbleOn in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.50.

RumbleOn Price Performance

RMBL opened at $2.09 on Tuesday. RumbleOn, Inc. has a one year low of $1.95 and a one year high of $7.06. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. The company's 50 day simple moving average is $2.69 and its 200-day simple moving average is $4.22. The stock has a market capitalization of $78.98 million, a P/E ratio of -0.25 and a beta of 1.75.

RumbleOn (NASDAQ:RMBL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.26) earnings per share for the quarter, meeting the consensus estimate of ($0.26). RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. The business had revenue of $244.70 million for the quarter. Sell-side analysts anticipate that RumbleOn, Inc. will post -0.89 earnings per share for the current fiscal year.

About RumbleOn

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.

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