B. Riley Equities Analysts Cut Earnings Estimates for RumbleON, Inc. (RMBL)

RumbleON, Inc. (OTCMKTS:RMBL) – Stock analysts at B. Riley reduced their FY2021 earnings estimates for RumbleON in a research note issued to investors on Thursday, March 28th, Zacks Investment Research reports. B. Riley analyst S. Sinha now expects that the company will earn $0.70 per share for the year, down from their prior estimate of $0.73. B. Riley currently has a “Buy” rating and a $9.00 target price on the stock.

RumbleON (OTCMKTS:RMBL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.28). The firm had revenue of $115.15 million during the quarter, compared to analysts’ expectations of $107.32 million.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut RumbleON from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Maxim Group restated a “hold” rating on shares of RumbleON in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. RumbleON presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Shares of OTCMKTS:RMBL traded down $0.19 during trading on Friday, hitting $4.52. The stock had a trading volume of 87,252 shares, compared to its average volume of 156,887. RumbleON has a 12-month low of $4.38 and a 12-month high of $10.98.

In related news, Director Denmar John Dixon purchased 50,415 shares of RumbleON stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of $4.77 per share, for a total transaction of $240,479.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in RumbleON by 5.3% in the fourth quarter. BlackRock Inc. now owns 187,381 shares of the company’s stock valued at $1,009,000 after purchasing an additional 9,405 shares during the period. Virtu Financial LLC acquired a new stake in RumbleON in the third quarter valued at approximately $108,000. Millennium Management LLC acquired a new stake in RumbleON in the fourth quarter valued at approximately $60,000. Pathlight Investors LLC acquired a new stake in RumbleON in the fourth quarter valued at approximately $158,000. Finally, Cannell Capital LLC acquired a new stake in RumbleON in the fourth quarter valued at approximately $161,000.

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.

Further Reading: Dividend

Get a free copy of the Zacks research report on RumbleON (RMBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RumbleON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RumbleON and related companies with MarketBeat.com's FREE daily email newsletter.