RideNow Group (NASDAQ:RDNW) Stock Price Target Lowered at Robert W. Baird

RideNow Group (NASDAQ:RDNW) had its price target lowered by Robert W. Baird from $9.00 to $5.50 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also issued reports on RDNW. Texas Capital lowered RideNow Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. DA Davidson cut their price objective on RideNow Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of RideNow Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 27th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $6.75.

RideNow Group Stock Down 14.5%

NASDAQ RDNW opened at $4.76 on Wednesday. RideNow Group has a twelve month low of $4.52 and a twelve month high of $8.55. The stock has a market cap of $185.69 million, a P/E ratio of -9.92 and a beta of 1.34. The company’s 50-day simple moving average is $5.41 and its 200 day simple moving average is $6.31.

RideNow Group (NASDAQ:RDNW) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($0.36) EPS for the quarter. The business had revenue of $244.30 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in RideNow Group by 6,144.1% in the third quarter. Russell Investments Group Ltd. now owns 108,085 shares of the company’s stock valued at $594,000 after acquiring an additional 106,354 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of RideNow Group during the second quarter worth approximately $82,000. Bank of New York Mellon Corp bought a new stake in shares of RideNow Group during the second quarter worth approximately $296,000. Bank of America Corp DE lifted its holdings in RideNow Group by 238.5% in the first quarter. Bank of America Corp DE now owns 32,456 shares of the company’s stock valued at $229,000 after buying an additional 22,868 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its holdings in RideNow Group by 8.4% in the first quarter. Hillsdale Investment Management Inc. now owns 64,703 shares of the company’s stock valued at $457,000 after buying an additional 5,000 shares during the period. Institutional investors own 66.14% of the company’s stock.

Key Stories Impacting RideNow Group

Investors following RDNW have been watching these stories:

• Neutral Sentiment: Trading in RDNW was temporarily halted twice for LULD pauses, a mechanism that pauses trading during sharp price moves. The halts are not a directional signal.
• Negative Sentiment: RideNow reported a third-quarter loss of $0.36 per share on $244.3 million in revenue. Coverage described the quarterly loss as wider and revenue as lower, which may weigh on investor sentiment. RideNow Q3 Loss Widens, Revenue Declines RideNow Group Third Quarter 2026 Financial Results
• Negative Sentiment: Robert W. Baird cut its price target from $9.00 to $5.50 and kept a neutral rating. The new target still implies 15.5% upside from $4.76, but the sharp reduction signals more cautious expectations. Robert W. Baird stock recommendations

RideNow Group Company Profile

RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services.