EAM Investors LLC Invests $1.17 Million in RumbleON, Inc. (RMBL) Stock
EAM Investors LLC bought a new stake in RumbleON, Inc. (OTCMKTS:RMBL) during the 3rd quarter, HoldingsChannel reports. The firm bought 111,597 shares of the company’s stock, valued at approximately $1,170,000.
A number of equities analysts have issued reports on the company. Craig Hallum assumed coverage on RumbleON in a report on Friday, November 2nd. They set a “buy” rating and a $13.00 price target on the stock. Zacks Investment Research cut RumbleON from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Maxim Group cut RumbleON from a “buy” rating to a “hold” rating in a report on Thursday, November 1st.
In related news, Director Denmar John Dixon purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average cost of $5.63 per share, with a total value of $56,300.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph E. Reece purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was bought at an average cost of $5.50 per share, with a total value of $110,000.00. The disclosure for this purchase can be found here.
RumbleON (OTCMKTS:RMBL) last issued its earnings results on Friday, October 26th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.23). The company had revenue of $19.26 million during the quarter, compared to the consensus estimate of $23.64 million.
RumbleON Company Profile
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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