10,738 Shares in RumbleOn, Inc. (NASDAQ:RMBL) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in RumbleOn, Inc. (NASDAQ:RMBL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,738 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RMBL. JPMorgan Chase & Co. boosted its position in shares of RumbleOn by 249.0% during the third quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock valued at $114,000 after buying an additional 17,036 shares during the period. Barclays PLC raised its holdings 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 buying an additional 15,660 shares during the period. Geode Capital Management LLC raised its holdings in shares of RumbleOn by 8.7% in the third quarter. Geode Capital Management LLC now owns 442,328 shares of the company’s stock worth $2,119,000 after buying an additional 35,536 shares during the period. State Street Corp raised its holdings in shares of RumbleOn by 1.7% in the third quarter. State Street Corp now owns 181,190 shares of the company’s stock worth $868,000 after buying an additional 3,061 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of RumbleOn by 46,928.8% in the third quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after buying an additional 1,697,885 shares during the period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

RumbleOn Stock Up 2.7 %

RumbleOn stock opened at $4.23 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. The stock has a market capitalization of $149.62 million, a price-to-earnings ratio of -0.50 and a beta of 2.25. RumbleOn, Inc. has a 1-year low of $3.13 and a 1-year high of $8.17. The business has a fifty day moving average price of $4.98 and a 200-day moving average price of $4.89.

RumbleOn (NASDAQ:RMBL) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). The business had revenue of $295.00 million during the quarter, compared to analyst estimates 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 earned ($0.71) EPS. Equities research analysts forecast that RumbleOn, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RMBL has been the topic of several recent analyst reports. B. Riley downgraded RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Friday, November 29th. DA Davidson reiterated a “neutral” rating and issued a $5.00 price target (down from $7.50) on shares of RumbleOn in a report on Tuesday, January 14th.

About RumbleOn

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.