RumbleON (OTCMKTS:RMBL) had its target price hoisted by JMP Securities from $15.00 to $30.00 in a research report sent to investors on Monday morning, The Fly reports. The firm currently has an outperform rating on the stock.
Separately, Aegis started coverage on shares of RumbleON in a research note on Tuesday, July 28th. They set a buy rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. RumbleON has an average rating of Buy and a consensus price target of $45.00.
RMBL stock opened at $31.68 on Monday. The stock has a 50-day moving average price of $17.70 and a two-hundred day moving average price of $11.08. RumbleON has a 1 year low of $3.00 and a 1 year high of $81.61.
RumbleON (OTCMKTS:RMBL) last released its earnings results on Friday, August 14th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($4.57) by $5.04.
An institutional investor recently raised its position in RumbleON stock. Trellus Management Company LLC boosted its position in RumbleON, Inc. (OTCMKTS:RMBL) by 513.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 358,525 shares of the company’s stock after purchasing an additional 300,035 shares during the period. Trellus Management Company LLC owned about 0.89% of RumbleON worth $75,000 as of its most recent filing with the SEC.
RumbleON Company Profile
RumbleOn, Inc operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It operates through the Vehicle Distribution, and Vehicle Logistics Transportation business segments. The Vehicle Distribution segment distributes power sports and automotive and is anchored on a proprietary supply chain and distribution software platform that is supported with its mobile-first web and application strategy.
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