What is Wedbush's Forecast for RumbleOn FY2027 Earnings?

RumbleOn, Inc. (NASDAQ:RMBL - Free Report) - Research analysts at Wedbush issued their FY2027 earnings per share estimates for RumbleOn in a report issued on Wednesday, March 12th. Wedbush analyst S. Basham expects that the company will earn $0.70 per share for the year. Wedbush has a "Outperform" rating and a $5.00 price target on the stock. The consensus estimate for RumbleOn's current full-year earnings is ($0.89) per share.

Several other research firms also recently weighed in on RMBL. B. Riley downgraded RumbleOn from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a report on Friday, November 29th. Robert W. Baird cut their price target on RumbleOn from $8.00 to $5.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Finally, DA Davidson cut their price target on RumbleOn from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th.

RumbleOn Stock Performance

Shares of RMBL stock traded down $0.21 during trading hours on Friday, hitting $3.43. The stock had a trading volume of 105,275 shares, compared to its average volume of 142,847. The firm has a market capitalization of $121.32 million, a PE ratio of -0.41 and a beta of 2.17. RumbleOn has a twelve month low of $3.13 and a twelve month high of $7.06. The stock's 50 day moving average is $4.24 and its 200 day moving average is $4.90. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29.

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Institutional Investors Weigh In On RumbleOn

Several large investors have recently modified their holdings of the stock. PharVision Advisers LLC purchased a new stake in shares of RumbleOn during the fourth quarter worth approximately $114,000. Deutsche Bank AG raised its position in RumbleOn by 260.3% in the fourth quarter. Deutsche Bank AG now owns 22,545 shares of the company's stock worth $122,000 after acquiring an additional 16,288 shares in the last quarter. Bank of America Corp DE raised its position in RumbleOn by 39.3% in the fourth quarter. Bank of America Corp DE now owns 26,155 shares of the company's stock worth $142,000 after acquiring an additional 7,383 shares in the last quarter. Northern Trust Corp raised its position in RumbleOn by 8.4% in the fourth quarter. Northern Trust Corp now owns 146,387 shares of the company's stock worth $795,000 after acquiring an additional 11,395 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in RumbleOn in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 66.14% of the company's stock.

About RumbleOn

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.