RumbleON (RMBL) Upgraded by Zacks Investment Research to Hold

RumbleON (OTCMKTS:RMBL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “RumbleON, Inc. provides internet based services. The Company operates an e-commerce platform for consumers and dealers to buy, sell, trade and finance pre-owned recreation vehicles. It primarily focuses on pre-owned Harley Davidson motorcycles. RumbleON, Inc. is based in Charlotte, North Carolina. “

Separately, Roth Capital initiated coverage on RumbleON in a research report on Wednesday, October 25th. They set a “buy” rating and a $7.75 price target for the company.

RumbleON (RMBL) traded up $0.12 during trading on Thursday, hitting $5.37. The stock had a trading volume of 144 shares, compared to its average volume of 23,282. The firm has a market cap of $62.80, a PE ratio of -9.26 and a beta of -17.92. RumbleON has a 52-week low of $3.40 and a 52-week high of $10.00.

RumbleON (OTCMKTS:RMBL) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.03. The business had revenue of $3.71 million during the quarter, compared to analyst estimates of $3.45 million. research analysts predict that RumbleON will post -0.69 earnings per share for the current fiscal year.

In other RumbleON news, Director Denmar John Dixon purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $5.10 per share, for a total transaction of $25,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders bought 57,000 shares of company stock valued at $289,650.

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RumbleON Company Profile

RumbleON, Inc (RumbleON), formerly Smart Server Inc, is a development-stage company. The Company focuses on creating an e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned recreation vehicles (RV). Serving both consumers and dealers, RumbleON makes such consumers or dealers a cash offer for the purchase of their vehicle.

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