Denmar John Dixon Buys 10,000 Shares of RumbleON, Inc. (NASDAQ:RMBL) Stock

RumbleON, Inc. (NASDAQ:RMBLGet Rating) Director Denmar John Dixon acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average cost of $16.68 per share, for a total transaction of $166,800.00. Following the completion of the purchase, the director now directly owns 41,692 shares of the company’s stock, valued at approximately $695,422.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ RMBL opened at $16.20 on Friday. The company’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $33.92. RumbleON, Inc. has a fifty-two week low of $15.12 and a fifty-two week high of $48.45. The firm has a market capitalization of $258.88 million, a P/E ratio of -6.84 and a beta of 2.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 0.55.

RumbleON (NASDAQ:RMBLGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.12. RumbleON had a net margin of 0.30% and a negative return on equity of 2.83%. During the same period last year, the company earned ($1.54) EPS. Sell-side analysts expect that RumbleON, Inc. will post 3.77 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in RMBL. Hood River Capital Management LLC acquired a new position in RumbleON in the third quarter valued at approximately $25,852,000. B. Riley Financial Inc. bought a new stake in RumbleON in the third quarter valued at approximately $12,279,000. Samjo Capital LLC bought a new stake in RumbleON in the fourth quarter valued at approximately $8,678,000. Cowen Prime Advisors LLC increased its stake in RumbleON by 146.1% in the fourth quarter. Cowen Prime Advisors LLC now owns 270,320 shares of the company’s stock valued at $11,224,000 after purchasing an additional 160,470 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in RumbleON in the third quarter valued at approximately $6,237,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

A number of brokerages have recently issued reports on RMBL. B. Riley reduced their target price on shares of RumbleON from $70.00 to $53.00 in a research report on Wednesday. Robert W. Baird upped their target price on shares of RumbleON to $30.00 in a research report on Wednesday. Wedbush reduced their target price on shares of RumbleON from $40.00 to $30.00 in a research report on Wednesday. DA Davidson reduced their target price on shares of RumbleON from $41.00 to $31.00 in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of RumbleON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, RumbleON has a consensus rating of “Buy” and a consensus target price of $36.00.

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.

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