RumbleON (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 note issued to investors on Thursday, January 4th.

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. “

Separately, Roth Capital initiated coverage on shares of RumbleON in a research report on Wednesday, October 25th. They set a “buy” rating and a $7.75 target price on the stock.

RumbleON (RMBL) traded up $0.09 on Thursday, hitting $5.10. 24,192 shares of the stock traded hands, compared to its average volume of 20,862. The stock has a market capitalization of $60.84, a PE ratio of -8.79 and a beta of -17.92. RumbleON has a 1 year low of $3.40 and a 1 year high of $10.00.

RumbleON (OTCMKTS:RMBL) last released its earnings results on Thursday, November 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. The firm had revenue of $3.71 million during the quarter, compared to the consensus estimate of $3.45 million. analysts predict that RumbleON will post -0.69 EPS for the current year.

In other RumbleON news, Director Denmar John Dixon acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $5.10 per share, for a total transaction of $25,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 57,000 shares of company stock valued at $289,650 over the last quarter.

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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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