Sherbrooke Park Advisers LLC Has $71,000 Holdings in RumbleOn, Inc. (NASDAQ:RMBL)

Sherbrooke Park Advisers LLC cut its position in RumbleOn, Inc. (NASDAQ:RMBL) by 70.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,003 shares of the company’s stock after selling 30,694 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in RumbleOn were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in RumbleOn in the fourth quarter valued at about $58,000. JPMorgan Chase & Co. raised its stake in shares of RumbleOn by 249.0% in the third quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock worth $114,000 after acquiring an additional 17,036 shares during the last quarter. Barclays PLC raised its stake in shares of RumbleOn by 278.7% in the third quarter. Barclays PLC now owns 21,278 shares of the company’s stock worth $102,000 after acquiring an additional 15,660 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RumbleOn by 72.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,621 shares of the company’s stock worth $117,000 after acquiring an additional 9,088 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of RumbleOn by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 475,315 shares of the company’s stock worth $2,581,000 after acquiring an additional 32,987 shares during the last quarter. 66.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RMBL. Robert W. Baird reaffirmed a “neutral” rating and issued a $3.00 target price (down from $5.00) on shares of RumbleOn in a research note on Friday, April 4th. Wedbush dropped their target price 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. Baird R W downgraded shares of RumbleOn from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, DA Davidson dropped their price target on shares of RumbleOn from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, RumbleOn presently has a consensus rating of “Hold” and a consensus price target of $4.50.

RumbleOn Stock Down 2.9%

Shares of NASDAQ RMBL opened at $1.98 on Thursday. The stock has a market cap of $74.82 million, a P/E ratio of -0.23 and a beta of 1.75. The firm has a 50 day moving average price of $2.63 and a 200 day moving average price of $4.19. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12. RumbleOn, Inc. has a 52-week low of $1.91 and a 52-week high of $7.06.

RumbleOn (NASDAQ:RMBL) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.26). The firm had revenue of $244.70 million during the quarter. RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. Analysts expect that RumbleOn, Inc. will post -0.89 EPS for the current year.

RumbleOn Profile

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.