RumbleOn (NASDAQ:RMBL - Free Report) had its price objective decreased by Robert W. Baird from $8.00 to $5.00 in a research report released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.
Several other research firms have also recently weighed in on RMBL. DA Davidson restated a "neutral" rating and issued a $5.00 price target (down previously from $7.50) on shares of RumbleOn in a research note on Tuesday, January 14th. B. Riley lowered RumbleOn from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a research note on Friday, November 29th.
Check Out Our Latest Stock Analysis on RumbleOn
RumbleOn Stock Down 0.3 %
Shares of NASDAQ:RMBL traded down $0.01 during trading on Wednesday, reaching $3.54. 100,041 shares of the stock traded hands, compared to its average volume of 143,048. RumbleOn has a 52-week low of $3.13 and a 52-week high of $7.06. The stock has a market cap of $125.21 million, a P/E ratio of -0.42 and a beta of 2.17. The stock has a 50-day moving average of $4.28 and a two-hundred day moving average of $4.91. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12.
Institutional Trading of RumbleOn
A number of large investors have recently modified their holdings of the company. Boothbay Fund Management LLC bought a new position in shares of RumbleOn during the fourth quarter valued at approximately $55,000. Wells Fargo & Company MN boosted its position in RumbleOn by 36.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company's stock valued at $55,000 after acquiring an additional 2,689 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of RumbleOn in the 4th quarter valued at $58,000. Barclays PLC raised its position in shares of RumbleOn by 278.7% in the 3rd quarter. Barclays PLC now owns 21,278 shares of the company's stock worth $102,000 after acquiring an additional 15,660 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of RumbleOn by 249.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company's stock worth $114,000 after purchasing an additional 17,036 shares during the last quarter. Hedge funds and other institutional investors 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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