Maxim Group Boosts RumbleON (RMBL) Price Target to $13.00

RumbleON (OTCMKTS:RMBL) had its price objective raised by Maxim Group from $8.00 to $13.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have a buy rating on the stock.

Separately, Zacks Investment Research cut RumbleON from a hold rating to a sell rating in a report on Tuesday, September 25th.

OTCMKTS RMBL opened at $7.85 on Wednesday. RumbleON has a fifty-two week low of $3.53 and a fifty-two week high of $10.98.

RumbleON (OTCMKTS:RMBL) last released its quarterly earnings results on Thursday, July 26th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.14). The business had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $14.50 million. On average, sell-side analysts anticipate that RumbleON will post -0.69 EPS for the current fiscal year.

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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The Fly

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