Marshall Chesrown Buys 66,000 Shares of RumbleON, Inc. (OTCMKTS:RMBL) Stock

RumbleON, Inc. (OTCMKTS:RMBL) CEO Marshall Chesrown acquired 66,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $0.82 per share, for a total transaction of $54,120.00.

RMBL traded up $0.01 during trading on Monday, hitting $0.82. 247,443 shares of the stock traded hands, compared to its average volume of 101,815. The firm has a 50-day moving average of $1.98 and a 200 day moving average of $3.37. RumbleON, Inc. has a 12-month low of $0.77 and a 12-month high of $7.03.

RumbleON (OTCMKTS:RMBL) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.04). The business had revenue of $220.32 million for the quarter, compared to analysts’ expectations of $234.76 million.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of RumbleON by 23.5% during the second quarter. BlackRock Inc. now owns 231,749 shares of the company’s stock valued at $1,039,000 after buying an additional 44,082 shares during the period. Ardsley Advisory Partners LP lifted its holdings in RumbleON by 29.0% in the second quarter. Ardsley Advisory Partners LP now owns 437,007 shares of the company’s stock worth $1,958,000 after buying an additional 98,300 shares during the period. JPMorgan Chase & Co. bought a new stake in RumbleON during the 2nd quarter valued at approximately $101,000. United Services Automobile Association purchased a new position in shares of RumbleON during the 2nd quarter worth approximately $437,000. Finally, Silverback Asset Management LLC grew its holdings in shares of RumbleON by 926.6% during the 3rd quarter. Silverback Asset Management LLC now owns 278,210 shares of the company’s stock worth $804,000 after acquiring an additional 251,110 shares during the period.

RMBL has been the subject of several analyst reports. JMP Securities dropped their target price on RumbleON to $6.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. Zacks Investment Research upgraded RumbleON from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Tuesday, November 19th. DA Davidson started coverage on RumbleON in a research note on Tuesday, September 24th. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Maxim Group reiterated a “hold” rating on shares of RumbleON in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $6.10.

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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Insider Buying and Selling by Quarter for RumbleON (OTCMKTS:RMBL)

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