RumbleON, Inc. (OTCMKTS:RMBL) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.10.
Several brokerages have recently weighed in on RMBL. Zacks Investment Research upgraded shares of RumbleON from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Tuesday, November 19th. JMP Securities dropped their price target on shares of RumbleON to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. Finally, Maxim Group restated a “hold” rating on shares of RumbleON in a research report on Friday, November 15th.
In related news, CEO Marshall Chesrown purchased 50,000 shares of RumbleON stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $0.77 per share, for a total transaction of $38,500.00. Following the acquisition, the chief executive officer now owns 1,875,000 shares in the company, valued at approximately $1,443,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven R. Berrard purchased 200,000 shares of RumbleON stock in a transaction on Tuesday, January 14th. The stock was bought at an average price of $0.57 per share, for a total transaction of $114,000.00. Following the completion of the acquisition, the chief financial officer now owns 2,170,000 shares in the company, valued at approximately $1,236,900. The disclosure for this purchase can be found here. Insiders have bought a total of 316,000 shares of company stock worth $206,620 over the last 90 days.
Shares of RMBL stock opened at $0.51 on Friday. RumbleON has a 12-month low of $0.47 and a 12-month high of $6.30. The firm’s 50 day moving average is $0.65 and its 200 day moving average is $2.14.
RumbleON (OTCMKTS:RMBL) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.04). The firm had revenue of $220.32 million for the quarter, compared to analyst estimates of $234.76 million.
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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