RumbleON, Inc. (NASDAQ:RMBL) Director Denmar John Dixon Acquires 4,750 Shares

RumbleON, Inc. (NASDAQ:RMBLGet Rating) Director Denmar John Dixon purchased 4,750 shares of the stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $15.69 per share, with a total value of $74,527.50. Following the acquisition, the director now directly owns 46,442 shares in the company, valued at $728,674.98. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Denmar John Dixon also recently made the following trade(s):

  • On Thursday, May 12th, Denmar John Dixon acquired 10,000 shares of RumbleON stock. The shares were purchased at an average price of $16.68 per share, with a total value of $166,800.00.

RMBL stock opened at $15.15 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.81. RumbleON, Inc. has a twelve month low of $14.70 and a twelve month high of $48.45. The business has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $33.01. The company has a market cap of $242.10 million, a price-to-earnings ratio of -6.39 and a beta of 2.81.

RumbleON (NASDAQ:RMBLGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12. RumbleON had a negative return on equity of 2.46% and a net margin of 0.30%. During the same quarter last year, the company posted ($1.54) EPS. On average, equities research analysts anticipate that RumbleON, Inc. will post 3.22 EPS for the current fiscal year.

Several equities research analysts have issued reports on RMBL shares. DA Davidson decreased their price target on shares of RumbleON from $41.00 to $31.00 in a research note on Wednesday, May 11th. Wedbush reduced their price target on shares of RumbleON from $40.00 to $30.00 in a report on Wednesday, May 11th. Zacks Investment Research upgraded shares of RumbleON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. B. Riley lowered their target price on RumbleON from $70.00 to $53.00 in a research note on Wednesday, May 11th. Finally, Robert W. Baird boosted their price target on RumbleON to $30.00 in a research note on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, RumbleON currently has an average rating of “Buy” and a consensus target price of $36.00.

Several institutional investors have recently modified their holdings of RMBL. Morgan Stanley boosted its holdings in shares of RumbleON by 99.8% in the first quarter. Morgan Stanley now owns 2,398 shares of the company’s stock worth $105,000 after acquiring an additional 1,198 shares during the period. Millennium Management LLC purchased a new position in shares of RumbleON during the second quarter valued at approximately $233,000. Victory Capital Management Inc. purchased a new position in shares of RumbleON during the third quarter valued at approximately $96,000. Advisor Group Holdings Inc. lifted its holdings in shares of RumbleON by 1,812.0% during the third quarter. Advisor Group Holdings Inc. now owns 956 shares of the company’s stock valued at $37,000 after purchasing an additional 906 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in RumbleON in the 3rd quarter worth approximately $762,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

About RumbleON (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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