RumbleON, Inc. (NASDAQ:RMBL) Director Denmar John Dixon Acquires 10,000 Shares

RumbleON, Inc. (NASDAQ:RMBL – Get Rating) Director Denmar John Dixon purchased 10,000 shares of RumbleON stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $16.68 per share, with a total value of $166,800.00. Following the completion of the purchase, the director now directly owns 41,692 shares of the company’s stock, valued at $695,422.56. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ RMBL opened at $18.74 on Friday. The firm has a 50 day moving average of $26.94 and a 200 day moving average of $33.63. The company has a current ratio of 1.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $299.47 million, a price-to-earnings ratio of -7.91 and a beta of 2.81. RumbleON, Inc. has a 12-month low of $15.12 and a 12-month high of $48.45.

RumbleON (NASDAQ:RMBL – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.12. RumbleON had a net margin of 0.30% and a negative return on equity of 2.46%. During the same quarter last year, the business earned ($1.54) earnings per share. Sell-side analysts predict that RumbleON, Inc. will post 3.77 EPS for the current year.

Large investors have recently modified their holdings of the business. National Asset Management Inc. lifted its holdings in RumbleON by 28.4% during the fourth quarter. National Asset Management Inc. now owns 11,300 shares of the company’s stock valued at $470,000 after purchasing an additional 2,500 shares in the last quarter. Monarch Partners Asset Management LLC lifted its holdings in RumbleON by 9.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 52,415 shares of the company’s stock valued at $2,176,000 after purchasing an additional 4,436 shares in the last quarter. Citigroup Inc. purchased a new position in RumbleON during the third quarter valued at approximately $48,000. Cowen Prime Advisors LLC lifted its holdings in RumbleON by 146.1% during the fourth quarter. Cowen Prime Advisors LLC now owns 270,320 shares of the company’s stock valued at $11,224,000 after purchasing an additional 160,470 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in RumbleON during the third quarter valued at approximately $762,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on RMBL shares. Robert W. Baird lifted their price target on shares of RumbleON to $30.00 in a research note on Wednesday. B. Riley reduced their price target on shares of RumbleON from $70.00 to $53.00 in a research note on Wednesday. Zacks Investment Research upgraded shares of RumbleON from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 20th. DA Davidson reduced their price target on shares of RumbleON from $41.00 to $31.00 in a research note on Wednesday. Finally, Wedbush reduced their price target on shares of RumbleON from $40.00 to $30.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, RumbleON currently has an average rating of “Buy” and an average target price of $36.00.

RumbleON Company Profile (Get Rating)

RumbleON, Inc operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks.

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