RumbleON (OTCMKTS:RMBL) Given “Hold” Rating at Maxim Group

Maxim Group reiterated their hold rating on shares of RumbleON (OTCMKTS:RMBL) in a research note released on Friday, AnalystRatings.com reports.

A number of other analysts have also commented on the stock. JMP Securities decreased their price target on shares of RumbleON to $6.00 and set an outperform rating for the company in a research note on Thursday, November 14th. Zacks Investment Research upgraded shares of RumbleON from a sell rating to a hold rating in a research note on Wednesday, October 16th. Finally, DA Davidson assumed coverage on shares of RumbleON in a research note on Tuesday, September 24th. They issued a buy rating and a $4.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. RumbleON has an average rating of Buy and an average price target of $7.13.

Shares of RMBL stock opened at $1.68 on Friday. The firm has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $3.78. RumbleON has a 12 month low of $1.45 and a 12 month high of $7.03.

RumbleON (OTCMKTS:RMBL) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.04). The business had revenue of $220.32 million for the quarter, compared to analyst estimates of $234.76 million.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trellus Management Company LLC boosted its holdings in shares of RumbleON by 34.6% in the 2nd quarter. Trellus Management Company LLC now owns 80,000 shares of the company’s stock worth $358,000 after buying an additional 20,550 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of RumbleON in the 2nd quarter worth about $101,000. Delta Investment Management LLC purchased a new position in shares of RumbleON in the 2nd quarter worth about $89,000. Perritt Capital Management Inc. boosted its holdings in shares of RumbleON by 10.0% in the 2nd quarter. Perritt Capital Management Inc. now owns 110,000 shares of the company’s stock worth $493,000 after buying an additional 10,000 shares during the last quarter. Finally, Ardsley Advisory Partners LP boosted its holdings in shares of RumbleON by 29.0% in the 2nd quarter. Ardsley Advisory Partners LP now owns 437,007 shares of the company’s stock worth $1,958,000 after buying an additional 98,300 shares during the last quarter.

RumbleON Company Profile

RumbleON, Inc (RumbleON), formerly Smart Server Inc, is a development-stage company. The Company focuses on creating an e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned recreation vehicles (RV). Serving both consumers and dealers, RumbleON makes such consumers or dealers a cash offer for the purchase of their vehicle.

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Analyst Recommendations for RumbleON (OTCMKTS:RMBL)

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