RumbleON (NASDAQ:RMBL) Shares Up 1.5% - Time to Buy?

RumbleON, Inc. (NASDAQ:RMBL - Get Free Report) shares were up 1.5% on Tuesday . The stock traded as high as $2.82 and last traded at $2.67. Approximately 175,730 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 141,662 shares. The stock had previously closed at $2.63.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $3.00 price target (down from $5.00) on shares of RumbleON in a research note on Friday, April 4th. DA Davidson cut their target price on RumbleON from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Baird R W lowered RumbleON from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.50.

RumbleON Stock Performance

The firm has a 50 day moving average of $2.18 and a 200-day moving average of $3.24. The company has a market cap of $98.10 million, a P/E ratio of -1.19 and a beta of 1.66. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 8.00.

RumbleON (NASDAQ:RMBL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) EPS for the quarter, meeting the consensus estimate of ($0.26). RumbleON had a negative return on equity of 63.42% and a negative net margin of 6.81%. The firm had revenue of $244.70 million for the quarter. As a group, sell-side analysts anticipate that RumbleON, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On RumbleON

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of RumbleON by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 475,315 shares of the company's stock worth $2,581,000 after purchasing an additional 32,987 shares during the last quarter. Northern Trust Corp lifted its position in shares of RumbleON by 8.4% during the fourth quarter. Northern Trust Corp now owns 146,387 shares of the company's stock valued at $795,000 after buying an additional 11,395 shares during the last quarter. First Financial Bankshares Inc bought a new stake in shares of RumbleON in the 1st quarter valued at about $283,000. JPMorgan Chase & Co. lifted its position in RumbleON by 162.4% during the fourth quarter. JPMorgan Chase & Co. now owns 62,657 shares of the company's stock valued at $340,000 after acquiring an additional 38,778 shares during the last quarter. Finally, Magnus Financial Group LLC lifted its holdings 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 valued at $113,000 after purchasing an additional 23,451 shares during the last quarter. Institutional investors own 66.14% of the company's stock.

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.