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.

Shares of RMBL opened at $6.02 on Thursday. RumbleON, Inc. has a 12-month low of $3.53 and a 12-month high of $10.98.

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.

ILLEGAL ACTIVITY WARNING: “EAM Investors LLC Invests $1.17 Million in RumbleON, Inc. (RMBL) Stock” was first published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/11/22/eam-investors-llc-invests-1-17-million-in-rumbleon-inc-rmbl-stock.html.

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.

See Also: What is a Stop Order?

Want to see what other hedge funds are holding RMBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RumbleON, Inc. (OTCMKTS:RMBL).

Institutional Ownership by Quarter for RumbleON (OTCMKTS:RMBL)

Receive News & Ratings for RumbleON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RumbleON and related companies with MarketBeat.com's FREE daily email newsletter.