RumbleOn (NASDAQ:RMBL) Stock Price Up 1.5%

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson cut their price target on shares of RumbleOn from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Wedbush cut their price target on shares of RumbleOn from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, B. Riley reaffirmed a “buy” rating and issued a $13.00 price target (up previously from $11.00) on shares of RumbleOn in a research note on Friday, March 15th.

RumbleOn Stock Performance

The stock’s 50-day moving average price is $6.61 and its 200 day moving average price is $6.64. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.22 and a quick ratio of 0.34. The firm has a market cap of $195.71 million, a P/E ratio of -0.52 and a beta of 2.04.

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

Hedge Funds Weigh In On RumbleOn

Several institutional investors and hedge funds have recently modified their holdings of RMBL. Nantahala Capital Management LLC grew its stake in shares of RumbleOn by 144.6% in the fourth 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 in the last quarter. FMR LLC grew its stake in shares of RumbleOn by 15.0% in the second quarter. FMR LLC now owns 904,026 shares of the company’s stock valued at $13,298,000 after acquiring an additional 118,126 shares in the last quarter. BlackRock Inc. grew its stake in shares of RumbleOn by 4.6% in the third quarter. BlackRock Inc. now owns 566,464 shares of the company’s stock valued at $9,585,000 after acquiring an additional 24,953 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of RumbleOn by 5.7% in the first quarter. Vanguard Group Inc. now owns 405,077 shares of the company’s stock valued at $13,857,000 after acquiring an additional 22,024 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of RumbleOn by 675.4% in the fourth quarter. AQR Capital Management LLC now owns 333,331 shares of the company’s stock valued at $2,157,000 after acquiring an additional 290,344 shares in the last quarter. 66.14% of the stock is currently owned by institutional investors and hedge funds.

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.