RumbleOn, Inc. (NASDAQ:RMBL - Free Report) - Stock analysts at B. Riley dropped their FY2024 EPS estimates for shares of RumbleOn in a note issued to investors on Tuesday, November 12th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.85) per share for the year, down from their previous estimate of ($0.61). B. Riley currently has a "Buy" rating and a $7.00 price target on the stock. The consensus estimate for RumbleOn's current full-year earnings is ($0.55) per share. B. Riley also issued estimates for RumbleOn's Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.03) EPS, FY2025 earnings at $0.14 EPS and FY2026 earnings at $0.48 EPS.
Separately, Wedbush dropped their price objective on shares of RumbleOn from $7.00 to $5.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th.
View Our Latest Research Report on RumbleOn
RumbleOn Price Performance
Shares of RumbleOn stock traded up $0.26 on Friday, hitting $5.49. The company had a trading volume of 105,360 shares, compared to its average volume of 161,232. RumbleOn has a 52 week low of $3.13 and a 52 week high of $8.84. The company has a market cap of $193.92 million, a PE ratio of -0.62 and a beta of 2.08. The business has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $4.77. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.12 and a quick ratio of 0.27.
Institutional Investors Weigh In On RumbleOn
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in RumbleOn in the first quarter valued at approximately $90,000. Rhumbline Advisers raised its position in shares of RumbleOn by 3,910.5% in the second quarter. Rhumbline Advisers now owns 19,772 shares of the company's stock valued at $81,000 after purchasing an additional 19,279 shares during the period. Barclays PLC increased its position in RumbleOn by 278.7% during the third quarter. Barclays PLC now owns 21,278 shares of the company's stock worth $102,000 after acquiring an additional 15,660 shares during the period. Dimensional Fund Advisors LP grew its stake in RumbleOn by 35.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company's stock worth $120,000 after buying an additional 7,704 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new stake in RumbleOn during the second quarter worth about $127,000. Institutional investors and hedge funds own 66.14% of the company's stock.
About RumbleOn
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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.
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