B. Riley Cuts RumbleOn (NASDAQ:RMBL) Price Target to $7.00

RumbleOn (NASDAQ:RMBL) had its price target lowered by B. Riley from $9.00 to $7.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for RumbleOn’s Q4 2024 earnings at ($0.22) EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.14 EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.34 EPS, Q3 2026 earnings at $0.03 EPS and FY2026 earnings at $0.48 EPS.

Separately, Wedbush lowered their price target on shares of RumbleOn from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th.

RumbleOn Trading Up 5.0 %

Shares of NASDAQ RMBL opened at $5.49 on Wednesday. RumbleOn has a twelve month low of $3.13 and a twelve month high of $8.84. The company has a quick ratio of 0.27, a current ratio of 1.12 and a debt-to-equity ratio of 2.23. The business has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $4.77. The firm has a market cap of $193.92 million, a PE ratio of -0.65 and a beta of 2.08.

RumbleOn (NASDAQ:RMBL) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.22). RumbleOn had a negative net margin of 15.25% and a negative return on equity of 118.07%. The firm had revenue of $295.00 million during the quarter, compared to the consensus estimate of $302.76 million. During the same quarter in the previous year, the firm earned ($0.71) earnings per share. Analysts expect that RumbleOn will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RMBL. Virtu Financial LLC bought a new stake in RumbleOn during the first quarter valued at about $90,000. Rhumbline Advisers lifted its position in shares of RumbleOn by 3,910.5% during the second quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock valued at $81,000 after buying an additional 19,279 shares during the last quarter. Barclays PLC boosted its holdings in shares of RumbleOn by 278.7% in the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after buying an additional 15,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of RumbleOn by 35.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock valued at $120,000 after buying an additional 7,704 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new position in shares of RumbleOn in the 2nd quarter worth approximately $127,000. 66.14% of the stock is owned by institutional investors.

About RumbleOn

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.