RumbleON, Inc. (RMBL) to Post Q2 2019 Earnings of ($0.37) Per Share, B. Riley Forecasts

RumbleON, Inc. (OTCMKTS:RMBL) – Stock analysts at B. Riley dropped their Q2 2019 earnings per share estimates for shares of RumbleON in a research report issued to clients and investors on Wednesday, May 15th. B. Riley analyst S. Sinha now anticipates that the company will earn ($0.37) per share for the quarter, down from their prior estimate of ($0.24). B. Riley currently has a “Buy” rating and a $9.00 target price on the stock. B. Riley also issued estimates for RumbleON’s Q3 2019 earnings at ($0.32) EPS, Q4 2019 earnings at ($0.29) EPS, FY2019 earnings at ($1.38) EPS, FY2020 earnings at ($0.47) EPS and FY2021 earnings at $0.53 EPS.

RumbleON (OTCMKTS:RMBL) last issued its earnings results on Monday, May 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.16). The firm had revenue of $223.18 million for the quarter, compared to analysts’ expectations of $208.67 million.

Other analysts have also issued reports about the stock. National Securities reissued a “buy” rating and set a $9.50 target price on shares of RumbleON in a research note on Wednesday. Zacks Investment Research raised shares of RumbleON from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Maxim Group reissued a “hold” rating on shares of RumbleON in a research note on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $10.30.

Shares of RMBL opened at $4.94 on Friday. RumbleON has a 12-month low of $4.38 and a 12-month high of $10.98.

Several hedge funds have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC raised its holdings in RumbleON by 527.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,634,350 shares of the company’s stock worth $8,793,000 after purchasing an additional 1,374,007 shares in the last quarter. 683 Capital Management LLC bought a new position in RumbleON in the fourth quarter worth about $1,413,000. BlackRock Inc. raised its holdings in RumbleON by 5.3% in the fourth quarter. BlackRock Inc. now owns 187,381 shares of the company’s stock worth $1,009,000 after purchasing an additional 9,405 shares in the last quarter. Vanguard Group Inc. raised its holdings in RumbleON by 402.3% in the third quarter. Vanguard Group Inc. now owns 187,082 shares of the company’s stock worth $1,961,000 after purchasing an additional 149,834 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in RumbleON by 402.3% in the third quarter. Vanguard Group Inc now owns 187,082 shares of the company’s stock worth $1,961,000 after purchasing an additional 149,834 shares in the last quarter.

In other news, Director Denmar John Dixon acquired 50,415 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of $4.77 per share, for a total transaction of $240,479.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

About RumbleON

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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