Barclays PLC Raises Stake in RumbleOn, Inc. (NASDAQ:RMBL)

Barclays PLC boosted its position in RumbleOn, Inc. (NASDAQ:RMBL) by 278.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,278 shares of the company’s stock after acquiring an additional 15,660 shares during the period. Barclays PLC owned 0.06% of RumbleOn worth $102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RMBL. Empowered Funds LLC increased its position in shares of RumbleOn by 5.3% during the third quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock valued at $317,000 after buying an additional 3,350 shares during the period. Citigroup Inc. grew its holdings in shares of RumbleOn by 46,928.8% during the third quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after purchasing an additional 1,697,885 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of RumbleOn by 8.7% during the third quarter. Geode Capital Management LLC now owns 442,328 shares of the company’s stock worth $2,119,000 after purchasing an additional 35,536 shares in the last quarter. State Street Corp grew its holdings in shares of RumbleOn by 1.7% during the third quarter. State Street Corp now owns 181,190 shares of the company’s stock worth $868,000 after purchasing an additional 3,061 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of RumbleOn by 3,910.5% during the second quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock worth $81,000 after purchasing an additional 19,279 shares in the last quarter. 66.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RMBL has been the subject of several research reports. DA Davidson reaffirmed a “neutral” rating and issued a $5.00 target price (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.

RumbleOn Trading Down 1.3 %

RumbleOn stock opened at $4.57 on Friday. 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, Inc. has a one year low of $3.13 and a one year high of $8.17. The stock has a market capitalization of $161.64 million, a PE ratio of -0.54 and a beta of 2.31. The business’s fifty day moving average is $5.57 and its 200 day moving average is $4.87.

RumbleOn (NASDAQ:RMBL) last announced its earnings results on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). The firm had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $302.76 million. RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%. During the same period in the previous year, the business posted ($0.71) earnings per share. On average, sell-side analysts predict that RumbleOn, Inc. will post -0.87 EPS for the current year.

RumbleOn Company 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.