Maxim Group Reiterates “Hold” Rating for RumbleON (RMBL)

Maxim Group restated their hold rating on shares of RumbleON (OTCMKTS:RMBL) in a report released on Friday, March 29th, reports.

“Powersports seasonality surprises to downside, Automotive synergies better- than-expected, aggressive opex spend drives significant bottom-line miss. Mar Q top-line guidance above consensus, but spend rate from Dec Q & language implies cash burn will remain significant through CY19. Management reiterates 10% long-term operating margin expectation. Maintaining Hold Rating.”,” the firm’s analyst wrote.

Several other equities research analysts have also recently commented on RMBL. Zacks Investment Research raised RumbleON from a sell rating to a hold rating in a report on Friday, February 8th. B. Riley began coverage on RumbleON in a report on Friday, March 15th. They set a buy rating and a $9.00 target price on the stock. Finally, National Securities began coverage on RumbleON in a report on Thursday, December 20th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $10.50.

Shares of OTCMKTS RMBL traded down $0.19 during midday trading on Friday, hitting $4.52. 87,252 shares of the company’s stock were exchanged, compared to its average volume of 156,887. RumbleON has a twelve month low of $4.38 and a twelve month high of $10.98.

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

In related news, Director Denmar John Dixon purchased 50,415 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were bought at an average price of $4.77 per share, with a total value of $240,479.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in RumbleON by 5.3% during the 4th 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 during the 3rd quarter valued at $108,000. Millennium Management LLC acquired a new stake in RumbleON during the 4th quarter valued at $60,000. Pathlight Investors LLC acquired a new stake in RumbleON during the 4th quarter valued at $158,000. Finally, Cannell Capital LLC purchased a new position in shares of RumbleON during the 4th quarter valued at $161,000.

RumbleON Company Profile

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.

Featured Article: Leveraged Buyout (LBO)

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's FREE daily email newsletter.