51,911 Shares in RumbleOn, Inc. (NASDAQ:RMBL) Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. acquired a new stake in shares of RumbleOn, Inc. (NASDAQ:RMBL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 51,911 shares of the company’s stock, valued at approximately $282,000. Prescott Group Capital Management L.L.C. owned approximately 0.15% of RumbleOn at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of RumbleOn by 5.3% in the third quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock valued at $317,000 after purchasing an additional 3,350 shares during the last quarter. Citigroup Inc. increased its stake in RumbleOn by 46,928.8% in the 3rd quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock valued at $8,150,000 after buying an additional 1,697,885 shares during the last quarter. Barclays PLC lifted its position in shares of RumbleOn by 278.7% during the 3rd quarter. Barclays PLC now owns 21,278 shares of the company’s stock worth $102,000 after buying an additional 15,660 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of RumbleOn in the 4th quarter worth approximately $58,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of RumbleOn by 249.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,879 shares of the company’s stock worth $114,000 after buying an additional 17,036 shares during the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.

RumbleOn Stock Down 1.5 %

RumbleOn stock opened at $3.95 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.12 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $139.72 million, a P/E ratio of -0.47 and a beta of 2.17. The firm has a 50 day moving average price of $4.48 and a 200-day moving average price of $4.93. RumbleOn, Inc. has a twelve month low of $3.13 and a twelve month high of $7.99.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RMBL. B. Riley lowered RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Friday, November 29th. DA Davidson reiterated a “neutral” rating and set a $5.00 target price (down from $7.50) on shares of RumbleOn in a research note on Tuesday, January 14th.

RumbleOn Company Profile

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.