RumbleON (OTCMKTS:RMBL) Raised to “Hold” at Zacks Investment Research

RumbleON (OTCMKTS:RMBL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, May 2nd.

According to Zacks, “RumbleON, Inc. provides internet based services. The Company operates an e-commerce platform for consumers and dealers to buy, sell, trade and finance pre-owned recreation vehicles. It primarily focuses on pre-owned Harley Davidson motorcycles. RumbleON, Inc. is based in Charlotte, North Carolina. “

Several other equities analysts have also commented on RMBL. Aegis initiated coverage on RumbleON in a research report on Friday, February 9th. They set a “buy” rating and a $7.00 price objective on the stock. Maxim Group initiated coverage on RumbleON in a research report on Friday, April 6th. They set a “buy” rating and a $7.00 price objective on the stock.

Shares of RumbleON stock opened at $4.89 on Wednesday. RumbleON has a 12 month low of $3.53 and a 12 month high of $10.00.

RumbleON (OTCMKTS:RMBL) last announced its quarterly earnings data on Monday, April 30th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The firm had revenue of $8.08 million during the quarter, compared to analysts’ expectations of $7.20 million. equities analysts anticipate that RumbleON will post -0.69 earnings per share for the current year.

In related news, Director Denmar John Dixon purchased 11,250 shares of RumbleON stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $4.28 per share, for a total transaction of $48,150.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 45,750 shares of company stock worth $200,505 over the last quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Grove Capital LP purchased a new stake in RumbleON in the 4th quarter worth approximately $324,000. Unterberg Capital LLC purchased a new stake in RumbleON in the 4th quarter worth approximately $1,039,000. Finally, Park West Asset Management LLC purchased a new stake in RumbleON in the 4th quarter worth approximately $2,200,000.

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.

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