RumbleON (RMBL) Earns “Buy” Rating from National Securities

National Securities restated their buy rating on shares of RumbleON (OTCMKTS:RMBL) in a research report released on Wednesday morning, AnalystRatings.com reports. The firm currently has a $9.50 target price on the stock.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of RumbleON from a hold rating to a sell rating in a research report on Tuesday, April 16th. Maxim Group restated a hold rating on shares of RumbleON in a research report on Friday, March 29th. Finally, B. Riley started coverage on shares of RumbleON in a research report on Friday, March 15th. They set a buy rating and a $9.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $10.30.

Shares of OTCMKTS:RMBL traded down $0.15 during midday trading on Wednesday, reaching $5.00. The company’s stock had a trading volume of 21,890 shares, compared to its average volume of 143,208. RumbleON has a twelve month low of $4.38 and a twelve month high of $10.98.

RumbleON (OTCMKTS:RMBL) last released its quarterly earnings data on Monday, May 13th. The company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.16). The firm had revenue of $223.18 million for the quarter, compared to analysts’ expectations of $208.67 million.

In related news, Director Denmar John Dixon acquired 50,415 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average cost of $4.77 per share, with a total value of $240,479.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in RumbleON during the fourth quarter valued at $60,000. Envestnet Asset Management Inc. purchased a new position in RumbleON during the first quarter valued at $82,000. Carlson Capital Management purchased a new position in RumbleON during the first quarter valued at $90,000. Northern Trust Corp purchased a new position in RumbleON during the first quarter valued at $90,000. Finally, Pathlight Investors LLC purchased a new position in RumbleON during the fourth quarter valued at $158,000.

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.

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