Barclays PLC Has $102,000 Stock Position in RumbleOn, Inc. (NASDAQ:RMBL)

Barclays PLC boosted its holdings in shares of RumbleOn, Inc. (NASDAQ:RMBL) by 278.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,278 shares of the company’s stock after buying an additional 15,660 shares during the period. Barclays PLC owned approximately 0.06% of RumbleOn worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State Street Corp raised its position in RumbleOn by 1.7% during the third quarter. State Street Corp now owns 181,190 shares of the company’s stock valued at $868,000 after buying an additional 3,061 shares during the period. Empowered Funds LLC increased its position in RumbleOn by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock worth $317,000 after purchasing an additional 3,350 shares during the last quarter. Dimensional Fund Advisors LP increased its position in RumbleOn by 35.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock worth $120,000 after purchasing an additional 7,704 shares during the last quarter. Rhumbline Advisers increased its position in RumbleOn by 3,910.5% in the 2nd quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock worth $81,000 after purchasing an additional 19,279 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in RumbleOn in the 2nd quarter worth about $182,000. 66.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research report on Friday, November 29th.

RumbleOn Stock Performance

Shares of RMBL stock opened at $4.78 on Thursday. 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 fifty-two week low of $3.13 and a fifty-two week high of $8.17. The stock’s 50-day moving average is $5.75 and its two-hundred day moving average is $4.84. The firm has a market cap of $169.07 million, a P/E ratio of -0.57 and a beta of 2.31.

RumbleOn (NASDAQ:RMBL) last released its quarterly 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). RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%. The company had revenue of $295.00 million for the quarter, compared to the consensus estimate of $302.76 million. During the same quarter last year, the company posted ($0.71) EPS. Analysts predict that RumbleOn, Inc. will post -0.87 earnings per share for the current fiscal 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.