Aegis Initiates Coverage on RumbleON (RMBL)

Stock analysts at Aegis assumed coverage on shares of RumbleON (OTCMKTS:RMBL) in a research report issued on Friday. The firm set a “buy” rating and a $7.00 price target on the stock. Aegis’ price target indicates a potential upside of 74.56% from the company’s current price.

A number of other research analysts have also recently weighed in on RMBL. Zacks Investment Research cut RumbleON from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Roth Capital began coverage on RumbleON in a report on Wednesday, October 25th. They issued a “buy” rating and a $7.75 target price on the stock.

RumbleON (RMBL) traded down $0.20 during mid-day trading on Friday, hitting $4.01. The stock had a trading volume of 31,783 shares, compared to its average volume of 13,678. RumbleON has a 1-year low of $3.40 and a 1-year high of $10.00. The firm has a market capitalization of $57.14, a PE ratio of -6.91 and a beta of -17.37.

RumbleON (OTCMKTS:RMBL) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. The business had revenue of $3.71 million for the quarter, compared to analyst estimates of $3.45 million. equities research analysts anticipate that RumbleON will post -0.69 earnings per share for the current fiscal year.

In other RumbleON news, Director Denmar John Dixon bought 50,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $5.07 per share, with a total value of $253,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 57,000 shares of company stock worth $289,650.

An institutional investor recently bought a new position in RumbleON stock. Unterberg Capital LLC bought a new stake in shares of RumbleON, Inc. (OTCMKTS:RMBL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $1,039,000. RumbleON comprises approximately 1.3% of Unterberg Capital LLC’s investment portfolio, making the stock its 25th biggest holding. Unterberg Capital LLC owned approximately 1.68% of RumbleON as of its most recent SEC filing.

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RumbleON Company Profile

RumbleON, Inc (RumbleON), formerly Smart Server Inc, is a development-stage company. The Company focuses on creating an e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned recreation vehicles (RV). Serving both consumers and dealers, RumbleON makes such consumers or dealers a cash offer for the purchase of their vehicle.

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