Maxim Group assumed coverage on shares of RumbleON (OTCMKTS:RMBL) in a research note issued to investors on Friday morning, Marketbeat reports. The firm issued a buy rating and a $7.00 price target on the stock.
A number of other analysts have also commented on RMBL. Zacks Investment Research lowered RumbleON from a hold rating to a sell rating in a report on Saturday, January 13th. Aegis assumed coverage on RumbleON in a report on Friday, February 9th. They set a buy rating and a $7.00 price target on the stock.
Shares of RMBL stock traded up $0.09 during trading hours on Friday, reaching $4.46. The company had a trading volume of 24,000 shares, compared to its average volume of 33,058. RumbleON has a 12 month low of $3.40 and a 12 month high of $10.00.
RumbleON (OTCMKTS:RMBL) last posted its earnings results on Tuesday, February 27th. The company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.14). The firm had revenue of $3.44 million during the quarter, compared to the consensus estimate of $3.49 million. equities research analysts anticipate that RumbleON will post -0.69 EPS for the current fiscal year.
In other news, Director Denmar John Dixon bought 15,000 shares of the stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $64,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 35,750 shares of company stock worth $152,505.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Grove Capital LP purchased a new position in shares of RumbleON in the fourth quarter valued at $324,000. Park West Asset Management LLC purchased a new position in RumbleON during the fourth quarter worth about $2,200,000. Finally, Unterberg Capital LLC purchased a new position in RumbleON during the fourth quarter worth about $1,039,000.
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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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