Shares of RumbleON, Inc. (NASDAQ:RMBL - Get Free Report) shot up 1.5% on Tuesday . The company traded as high as $2.82 and last traded at $2.67. 175,730 shares changed hands during trading, an increase of 24% from the average session volume of 141,662 shares. The stock had previously closed at $2.63.
Wall Street Analyst Weigh In
A number of research firms have weighed in on RMBL. Robert W. Baird reissued a "neutral" rating and set a $3.00 price objective (down previously from $5.00) on shares of RumbleON in a report on Friday, April 4th. Baird R W lowered shares of RumbleON from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, DA Davidson lowered their target price 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.50.
Check Out Our Latest Stock Analysis on RMBL
RumbleON Stock Performance
The company has a current ratio of 1.14, a quick ratio of 0.27 and a debt-to-equity ratio of 8.00. The business's 50-day moving average price is $2.18 and its 200-day moving average price is $3.22.
RumbleON (NASDAQ:RMBL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.26) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.26). RumbleON had a negative net margin of 6.81% and a negative return on equity of 63.42%. The firm had revenue of $244.70 million for the quarter. Analysts anticipate that RumbleON, Inc. will post -0.89 earnings per share for the current year.
Hedge Funds Weigh In On RumbleON
A number of hedge funds and other institutional investors have recently bought and sold shares of RMBL. Wells Fargo & Company MN grew its position in RumbleON by 36.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company's stock valued at $55,000 after buying an additional 2,689 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of RumbleON during the 4th quarter worth $55,000. Nuveen LLC purchased a new stake in shares of RumbleON during the 1st quarter worth $98,000. Magnus Financial Group LLC boosted its position in shares of RumbleON by 141.7% during the 1st quarter. Magnus Financial Group LLC now owns 40,000 shares of the company's stock worth $113,000 after purchasing an additional 23,451 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of RumbleON during the 4th quarter worth $114,000. 66.14% of the stock is currently owned by hedge funds and other institutional investors.
About RumbleON
(
Get Free Report)
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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