RumbleON (OTCMKTS:RMBL) Research Coverage Started at JMP Securities

JMP Securities started coverage on shares of RumbleON (OTCMKTS:RMBL) in a research note issued to investors on Tuesday morning, 24/7 WallStreet reports. The firm issued an outperform rating and a $10.00 price target on the stock.

Several other research firms have also commented on RMBL. Zacks Investment Research upgraded shares of RumbleON from a sell rating to a hold rating in a research report on Wednesday, July 17th. National Securities reiterated a buy rating and issued a $9.50 price objective on shares of RumbleON in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $10.90.

Shares of OTCMKTS RMBL opened at $4.64 on Tuesday. RumbleON has a one year low of $3.95 and a one year high of $10.98. The stock’s fifty day moving average is $4.33.

RumbleON (OTCMKTS:RMBL) last issued its earnings results on Monday, May 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The business had revenue of $223.18 million for the quarter, compared to the consensus estimate of $208.67 million.

In other RumbleON news, Chairman Marshall Chesrown bought 8,844 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average price of $4.26 per share, with a total value of $37,675.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Denmar John Dixon bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $4.45 per share, with a total value of $44,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 48,950 shares of company stock valued at $217,142.

A number of institutional investors and hedge funds have recently bought and sold shares of RMBL. Trellus Management Company LLC acquired a new stake in RumbleON during the 1st quarter worth approximately $294,000. Carlson Capital Management acquired a new stake in RumbleON during the 1st quarter worth approximately $90,000. Spark Investment Management LLC increased its position in RumbleON by 44.5% during the 1st quarter. Spark Investment Management LLC now owns 55,641 shares of the company’s stock worth $274,000 after purchasing an additional 17,141 shares in the last quarter. Millennium Management LLC acquired a new stake in RumbleON during the 4th quarter worth approximately $60,000. Finally, BlackRock Inc. boosted its holdings in RumbleON by 5.3% in the 4th quarter. BlackRock Inc. now owns 187,381 shares of the company’s stock worth $1,009,000 after acquiring an additional 9,405 shares during the period.

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.

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Analyst Recommendations for RumbleON (OTCMKTS:RMBL)

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