RumbleON (OTCMKTS:RMBL) Trading Down 9.7%
RumbleON, Inc. (OTCMKTS:RMBL) shares fell 9.7% on Thursday . The company traded as low as $1.20 and last traded at $1.25, 196,469 shares were traded during trading. An increase of 105% from the average session volume of 95,727 shares. The stock had previously closed at $1.39.
A number of research firms recently weighed in on RMBL. Zacks Investment Research raised shares of RumbleON from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Tuesday. Maxim Group reaffirmed a “hold” rating on shares of RumbleON in a report on Friday, November 15th. JMP Securities lowered their price target on shares of RumbleON to $6.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. Finally, DA Davidson began coverage on shares of RumbleON in a report on Tuesday, September 24th. They set a “buy” rating and a $4.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.10.
The stock’s fifty day moving average is $2.58 and its two-hundred day moving average is $3.73.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Delta Investment Management LLC bought a new position in shares of RumbleON in the 2nd quarter worth about $89,000. JPMorgan Chase & Co. bought a new position in shares of RumbleON in the 2nd quarter worth about $101,000. Trellus Management Company LLC lifted its position in shares of RumbleON by 34.6% in the 2nd quarter. Trellus Management Company LLC now owns 80,000 shares of the company’s stock worth $358,000 after buying an additional 20,550 shares during the last quarter. Potrero Capital Research LLC bought a new position in shares of RumbleON in the 2nd quarter worth about $426,000. Finally, United Services Automobile Association bought a new position in shares of RumbleON in the 2nd quarter worth about $437,000.
RumbleON Company Profile (OTCMKTS:RMBL)
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.
Further Reading: Liquidity
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