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.
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.
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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