RumbleON (NASDAQ:RMBL – Get Rating) had its price target lowered by investment analysts at Wedbush from $40.00 to $30.00 in a note issued to investors on Wednesday, The Fly reports. Wedbush’s price objective would suggest a potential upside of 76.47% from the stock’s previous close.
RMBL has been the subject of several other research reports. Robert W. Baird upped their price objective on RumbleON to $30.00 in a research note on Wednesday. Zacks Investment Research raised RumbleON from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. Finally, DA Davidson decreased their target price on shares of RumbleON from $48.00 to $41.00 in a research report on Thursday, March 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.25.
RMBL stock opened at $17.00 on Wednesday. The stock has a market capitalization of $271.68 million, a P/E ratio of -3.48 and a beta of 2.81. The company has a current ratio of 1.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.66. RumbleON has a 12 month low of $16.32 and a 12 month high of $48.45. The firm has a 50-day moving average price of $27.55 and a 200-day moving average price of $34.04.
A number of large investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC acquired a new stake in shares of RumbleON during the 3rd quarter worth approximately $25,852,000. Cowen Prime Advisors LLC grew its position in shares of RumbleON by 45.8% during the 1st quarter. Cowen Prime Advisors LLC now owns 394,215 shares of the company’s stock worth $13,486,000 after buying an additional 123,895 shares during the period. B. Riley Financial Inc. acquired a new stake in shares of RumbleON during the 3rd quarter worth approximately $12,279,000. Samjo Capital LLC acquired a new stake in shares of RumbleON during the 4th quarter worth approximately $8,678,000. Finally, Pentwater Capital Management LP grew its position in shares of RumbleON by 1.8% during the 4th quarter. Pentwater Capital Management LP now owns 178,165 shares of the company’s stock worth $7,397,000 after buying an additional 3,165 shares during the period. 45.75% of the stock is owned by institutional investors and hedge funds.
RumbleON Company Profile (Get Rating)
RumbleON, Inc operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks.
- Get a free copy of the StockNews.com research report on RumbleON (RMBL)
- Inflation Hasn’t Peaked At Reynolds Consumer Products
- Is Now The Time To Buy Coinbase (NASDAQ: COIN)?
- Fifth Third Bancorp Stock Bestows Opportunity
- 3 Reasons Why Hostess Brands Could Be a Sweet Addition to Your Watchlist
- XPO Logistics Is A Logical Choice For Investors
Receive News & Ratings for RumbleON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RumbleON and related companies with MarketBeat.com's FREE daily email newsletter.