Insider Buying: RumbleON, Inc. (OTCMKTS:RMBL) Chairman Buys 8,844 Shares of Stock

RumbleON, Inc. (OTCMKTS:RMBL) Chairman Marshall Chesrown bought 8,844 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of $4.26 per share, with a total value of $37,675.44. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Marshall Chesrown also recently made the following trade(s):

  • On Wednesday, June 19th, Marshall Chesrown acquired 3,000 shares of RumbleON stock. The stock was purchased at an average price of $4.17 per share, with a total value of $12,510.00.
  • On Wednesday, May 29th, Marshall Chesrown acquired 4,000 shares of RumbleON stock. The stock was purchased at an average price of $4.72 per share, with a total value of $18,880.00.

Shares of OTCMKTS:RMBL opened at $4.48 on Friday. RumbleON, Inc. has a 52-week low of $3.95 and a 52-week high of $10.98. The firm has a 50-day moving average price of $4.56.

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 Thomson Reuters’ consensus estimate of ($0.24) by ($0.16). The company had revenue of $223.18 million for the quarter, compared to analyst estimates of $208.67 million.

Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in RumbleON by 1,105.0% in the 3rd quarter. BlackRock Inc. now owns 177,976 shares of the company’s stock valued at $1,865,000 after acquiring an additional 163,206 shares during the period. Vanguard Group Inc. raised its holdings in RumbleON by 402.3% in the 3rd quarter. Vanguard Group Inc. now owns 187,082 shares of the company’s stock valued at $1,961,000 after acquiring an additional 149,834 shares during the period. Vanguard Group Inc raised its holdings in RumbleON by 402.3% in the 3rd quarter. Vanguard Group Inc now owns 187,082 shares of the company’s stock valued at $1,961,000 after acquiring an additional 149,834 shares during the period. Cannell Capital LLC bought a new position in RumbleON in the 4th quarter valued at about $161,000. Finally, Nantahala Capital Management LLC increased its holdings in shares of RumbleON by 527.8% during 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 during the period.

A number of research firms recently commented on RMBL. Zacks Investment Research upgraded shares of RumbleON from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. National Securities restated a “buy” rating and issued a $9.50 price objective on shares of RumbleON in a research report on Wednesday, May 15th. Maxim Group restated a “hold” rating on shares of RumbleON in a research report on Friday, March 29th. Finally, B. Riley began coverage on shares of RumbleON in a research report on Friday, March 15th. They issued a “buy” rating and a $9.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.30.

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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Insider Buying and Selling by Quarter for RumbleON (OTCMKTS:RMBL)

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