RumbleON, Inc. (NASDAQ:RMBL – Get 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:RMBL – Get 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 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.
- Get a free copy of the StockNews.com research report on RumbleON (RMBL)
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