Jane Street Group LLC Sells 17,569 Shares of RumbleOn, Inc. (NASDAQ:RMBL)

Jane Street Group LLC decreased its position in shares of RumbleOn, Inc. (NASDAQ:RMBL) by 60.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,468 shares of the company’s stock after selling 17,569 shares during the period. Jane Street Group LLC’s holdings in RumbleOn were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in RMBL. Citigroup Inc. boosted its position in RumbleOn by 46,928.8% in the third quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock valued at $8,150,000 after buying an additional 1,697,885 shares in the last quarter. State Street Corp increased its stake in RumbleOn by 1.7% in the third quarter. State Street Corp now owns 181,190 shares of the company’s stock valued at $868,000 after purchasing an additional 3,061 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of RumbleOn by 146.8% during the third quarter. Magnus Financial Group LLC now owns 76,500 shares of the company’s stock valued at $366,000 after buying an additional 45,500 shares during the last quarter. Empowered Funds LLC grew its holdings 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 last quarter. Finally, Bank of New York Mellon Corp purchased a new position in RumbleOn during the second quarter worth about $182,000. Institutional investors and hedge funds own 66.14% of the company’s stock.

RumbleOn Stock Up 4.1 %

RMBL opened at $4.52 on Thursday. The company has a market cap of $159.88 million, a P/E ratio of -0.54 and a beta of 2.31. The business’s 50-day moving average price is $5.71 and its 200-day moving average price is $4.86. The company has a current ratio of 1.12, a quick ratio of 0.29 and a debt-to-equity ratio of 2.52. RumbleOn, Inc. has a 12 month low of $3.13 and a 12 month high of $8.17.

RumbleOn (NASDAQ:RMBL) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.22). The company 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 quarter in the prior year, the firm posted ($0.71) EPS. On average, equities analysts expect that RumbleOn, Inc. will post -0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. B. Riley cut shares of 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 reaffirmed a “neutral” rating and set a $5.00 target price (down previously from $7.50) on shares of RumbleOn in a report on Tuesday.

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.