In a report released yesterday, Nehal Chokshi from Maxim Group reiterated a Hold rating on RumbleON Inc (RMBL). The company’s shares closed yesterday at $4.43, close to its 52-week low of $3.95.
Chokshi said:
“Amended 8-K regarding executive bonus performance metrics is an incremental positive, in our view. Reiterating Hold rating on a challenging margin outlook.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.7% and a 50.7% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RumbleON Inc with a $9.25 average price target.
See today’s analyst top recommended stocks >>
Based on RumbleON Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.28 million. In comparison, last year the company had a GAAP net loss of $3.61 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RMBL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
RumbleOn, Inc. operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It operates through the Vehicle Distribution, and Vehicle Logistics Transportation business segments.
