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.
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.
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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