RumbleOn (NASDAQ:RMBL - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Robert W. Baird in a note issued to investors on Friday, Marketbeat reports. They presently have a $3.00 price target on the stock, down from their previous price target of $5.00. Robert W. Baird's price objective indicates a potential upside of 6.95% from the company's current price.
RMBL has been the topic of a number of other reports. DA Davidson lowered their price target on RumbleOn from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Wedbush reduced their price target on shares of RumbleOn from $5.50 to $5.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, RumbleOn has a consensus rating of "Hold" and an average target price of $4.75.
Read Our Latest Report on RumbleOn
RumbleOn Stock Performance
Shares of NASDAQ RMBL traded up $0.57 during mid-day trading on Friday, hitting $2.81. The company had a trading volume of 93,199 shares, compared to its average volume of 145,317. The stock has a market cap of $106.00 million, a price-to-earnings ratio of -0.33 and a beta of 2.15. The firm's 50 day simple moving average is $3.68 and its two-hundred day simple moving average is $4.74. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. RumbleOn has a 12 month low of $1.95 and a 12 month high of $16.00.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of RumbleOn by 36.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,084 shares of the company's stock worth $55,000 after acquiring an additional 2,689 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of RumbleOn in the 4th quarter valued at $55,000. SG Americas Securities LLC acquired a new stake in shares of RumbleOn during the fourth quarter valued at approximately $58,000. Barclays PLC raised its position in RumbleOn by 278.7% during the third quarter. Barclays PLC now owns 21,278 shares of the company's stock valued at $102,000 after buying an additional 15,660 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of RumbleOn by 249.0% during the third 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 period. 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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