RumbleON, Inc. (OTCMKTS:RMBL) Receives Average Rating of “Buy” from Analysts

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Shares of RumbleON, Inc. (OTCMKTS:RMBL) have been given a consensus rating of “Buy” by the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.10.

RMBL has been the subject of several research analyst reports. JMP Securities lowered their target price on shares of RumbleON to $6.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Maxim Group reaffirmed a “hold” rating on shares of RumbleON in a research note on Friday, November 15th. Finally, Zacks Investment Research raised shares of RumbleON from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Tuesday, November 19th.

In other RumbleON news, CFO Steven R. Berrard acquired 200,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of $0.57 per share, with a total value of $114,000.00. Following the completion of the purchase, the chief financial officer now owns 2,170,000 shares in the company, valued at approximately $1,236,900. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marshall Chesrown acquired 66,000 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $0.82 per share, with a total value of $54,120.00. Following the purchase, the chief executive officer now owns 1,825,000 shares of the company’s stock, valued at approximately $1,496,500. The disclosure for this purchase can be found here. In the last three months, insiders bought 316,000 shares of company stock valued at $206,620.

Several hedge funds and other institutional investors have recently bought and sold shares of RMBL. Silverback Asset Management LLC boosted its stake in shares of RumbleON by 926.6% in the third quarter. Silverback Asset Management LLC now owns 278,210 shares of the company’s stock valued at $804,000 after purchasing an additional 251,110 shares during the period. BlackRock Inc. boosted its stake in shares of RumbleON by 23.5% in the second quarter. BlackRock Inc. now owns 231,749 shares of the company’s stock valued at $1,039,000 after purchasing an additional 44,082 shares during the period. Vanguard Group Inc. boosted its stake in shares of RumbleON by 7.8% in the second quarter. Vanguard Group Inc. now owns 469,409 shares of the company’s stock valued at $2,103,000 after purchasing an additional 33,856 shares during the period. Finally, Granahan Investment Management Inc. MA boosted its stake in shares of RumbleON by 1.2% in the third quarter. Granahan Investment Management Inc. MA now owns 2,074,861 shares of the company’s stock valued at $5,997,000 after purchasing an additional 23,689 shares during the period.

Shares of RMBL stock opened at $0.51 on Friday. The company has a 50-day moving average of $0.65 and a two-hundred day moving average of $2.14. RumbleON has a 1-year low of $0.47 and a 1-year high of $6.30.

RumbleON (OTCMKTS:RMBL) last announced its earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.04). The business had revenue of $220.32 million for the quarter, compared to the consensus estimate of $234.76 million.

About RumbleON

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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Analyst Recommendations for RumbleON (OTCMKTS:RMBL)

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