RumbleOn, Inc. (NASDAQ:RMBL) Shares Sold by Union Square Park Capital Management LLC

Union Square Park Capital Management LLC reduced its holdings in RumbleOn, Inc. (NASDAQ:RMBL - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 978,050 shares of the company's stock after selling 141,543 shares during the period. RumbleOn makes up 3.4% of Union Square Park Capital Management LLC's holdings, making the stock its 8th biggest position. Union Square Park Capital Management LLC owned 2.77% of RumbleOn worth $5,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RMBL. Wells Fargo & Company MN lifted its stake in shares of RumbleOn by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,084 shares of the company's stock worth $55,000 after buying an additional 2,689 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of RumbleOn in the fourth quarter worth about $55,000. SG Americas Securities LLC purchased a new position in shares of RumbleOn in the fourth quarter worth about $58,000. Barclays PLC lifted its stake in shares of RumbleOn by 278.7% in the third quarter. Barclays PLC now owns 21,278 shares of the company's stock worth $102,000 after buying an additional 15,660 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of RumbleOn by 249.0% in the third quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company's stock worth $114,000 after buying an additional 17,036 shares in the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wedbush decreased their price target on shares of RumbleOn from $5.50 to $5.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. DA Davidson cut their price objective on shares of RumbleOn from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Robert W. Baird restated a "neutral" rating and set a $3.00 price objective (down from $5.00) on shares of RumbleOn in a research report on Friday, April 4th. Finally, Baird R W cut shares of RumbleOn from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, RumbleOn currently has an average rating of "Hold" and a consensus price target of $4.50.

RumbleOn Stock Performance

RumbleOn stock traded down $0.13 during trading hours on Friday, reaching $1.79. 172,341 shares of the stock were exchanged, compared to its average volume of 147,643. The stock has a market cap of $67.64 million, a P/E ratio of -0.21 and a beta of 1.75. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12. RumbleOn, Inc. has a 52-week low of $1.73 and a 52-week high of $7.06. The firm's 50 day moving average is $2.56 and its 200 day moving average is $4.13.

RumbleOn (NASDAQ:RMBL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.26). The business had revenue of $244.70 million during the quarter. RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. Analysts predict that RumbleOn, Inc. will post -0.89 EPS 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.