Deutsche Bank AG Raises Holdings in RumbleOn, Inc. (NASDAQ:RMBL)

Deutsche Bank AG lifted its holdings in RumbleOn, Inc. (NASDAQ:RMBL) by 260.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,545 shares of the company’s stock after purchasing an additional 16,288 shares during the quarter. Deutsche Bank AG owned 0.06% of RumbleOn worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its position in RumbleOn by 8.4% in the 4th quarter. Northern Trust Corp now owns 146,387 shares of the company’s stock worth $795,000 after buying an additional 11,395 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of RumbleOn in the fourth quarter worth approximately $58,000. JPMorgan Chase & Co. grew its stake in shares of RumbleOn by 162.4% in the fourth quarter. JPMorgan Chase & Co. now owns 62,657 shares of the company’s stock worth $340,000 after acquiring an additional 38,778 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of RumbleOn by 72.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,621 shares of the company’s stock valued at $117,000 after purchasing an additional 9,088 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in RumbleOn by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 475,315 shares of the company’s stock valued at $2,581,000 after purchasing an additional 32,987 shares during the period. 66.14% of the stock is owned by institutional investors.

RumbleOn Trading Up 9.9%

NASDAQ:RMBL opened at $1.66 on Wednesday. RumbleOn, Inc. has a one year low of $1.46 and a one year high of $7.06. The business has a fifty day moving average price of $2.33 and a 200-day moving average price of $3.95. The firm has a market capitalization of $62.73 million, a price-to-earnings ratio of -0.20 and a beta of 1.75. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29.

RumbleOn (NASDAQ:RMBL) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) EPS for the quarter, hitting analysts’ consensus estimates of ($0.26). RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%. The business had revenue of $244.70 million during the quarter. Sell-side analysts forecast that RumbleOn, Inc. will post -0.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Baird R W downgraded shares of RumbleOn from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. DA Davidson cut their price objective on RumbleOn from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Robert W. Baird reiterated a “neutral” rating and set a $3.00 price objective (down previously from $5.00) on shares of RumbleOn in a research report on Friday, April 4th. Finally, Wedbush dropped their target price on RumbleOn from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.50.

RumbleOn Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.