RumbleOn (NASDAQ:RMBL) Trading 1.5% Higher

RumbleOn, Inc. (NASDAQ:RMBL) shares rose 1.5% during trading on Tuesday . The company traded as high as $5.71 and last traded at $5.56. Approximately 91,401 shares changed hands during trading, a decline of 42% from the average daily volume of 158,562 shares. The stock had previously closed at $5.48.

Analyst Ratings Changes

RMBL has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $13.00 price objective (up previously from $11.00) on shares of RumbleOn in a research note on Friday, March 15th. DA Davidson decreased their price target on RumbleOn from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, Wedbush decreased their price target on RumbleOn from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th.

RumbleOn Stock Up 1.5 %

The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.34 and a current ratio of 1.22. The firm has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $6.64. The company has a market capitalization of $195.71 million, a PE ratio of -0.52 and a beta of 2.04.

RumbleOn (NASDAQ:RMBL) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($4.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($3.98). RumbleOn had a negative net margin of 15.63% and a negative return on equity of 63.48%. The firm had revenue of $311.10 million during the quarter, compared to the consensus estimate of $343.72 million. Equities research analysts anticipate that RumbleOn, Inc. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On RumbleOn

A number of institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC increased its holdings in shares of RumbleOn by 144.6% in the 4th quarter. Nantahala Capital Management LLC now owns 4,416,506 shares of the company’s stock valued at $35,950,000 after acquiring an additional 2,611,114 shares during the last quarter. FMR LLC boosted its position in RumbleOn by 15.0% during the 2nd quarter. FMR LLC now owns 904,026 shares of the company’s stock valued at $13,298,000 after purchasing an additional 118,126 shares during the period. BlackRock Inc. boosted its position in RumbleOn by 4.6% during the 3rd quarter. BlackRock Inc. now owns 566,464 shares of the company’s stock valued at $9,585,000 after purchasing an additional 24,953 shares during the period. Vanguard Group Inc. boosted its position in RumbleOn by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 405,077 shares of the company’s stock worth $13,857,000 after acquiring an additional 22,024 shares during the period. Finally, AQR Capital Management LLC boosted its position in RumbleOn by 675.4% during the 4th quarter. AQR Capital Management LLC now owns 333,331 shares of the company’s stock worth $2,157,000 after acquiring an additional 290,344 shares during the period. 66.14% of the stock is currently owned by institutional investors.

RumbleOn Company Profile

RumbleON, Inc operates a technology-based omnichannel platform in North America. It operates through three segments: Powersports, Automotive, and Vehicle Logistics. The Powersports segment distributes motorcycles and other powersports vehicles. The Automotive segment distributes cars and trucks. The Vehicle Logistics segment provides nationwide transportation brokerage services between dealerships and auctions.