Barclays PLC Purchases 15,660 Shares of RumbleOn, Inc. (NASDAQ:RMBL)

Barclays PLC grew its position in RumbleOn, Inc. (NASDAQ:RMBL) by 278.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,278 shares of the company’s stock after purchasing an additional 15,660 shares during the quarter. Barclays PLC’s holdings in RumbleOn were worth $102,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of RumbleOn by 3,910.5% in the second quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock valued at $81,000 after purchasing an additional 19,279 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of RumbleOn by 35.9% in the second quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock worth $120,000 after acquiring an additional 7,704 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of RumbleOn in the second quarter worth $182,000. Empowered Funds LLC grew its stake in shares of RumbleOn by 5.3% in the third quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock worth $317,000 after acquiring an additional 3,350 shares during the last quarter. Finally, Magnus Financial Group LLC grew its stake in shares of RumbleOn by 146.8% in the third quarter. Magnus Financial Group LLC now owns 76,500 shares of the company’s stock worth $366,000 after acquiring an additional 45,500 shares during the last quarter. Institutional investors own 66.14% of the company’s stock.

RumbleOn Stock Down 2.0 %

Shares of NASDAQ RMBL opened at $4.78 on Thursday. The stock has a market cap of $169.07 million, a PE ratio of -0.57 and a beta of 2.31. The business has a fifty day moving average of $5.75 and a two-hundred day moving average of $4.84. RumbleOn, Inc. has a 52-week low of $3.13 and a 52-week high of $8.17. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12.

RumbleOn (NASDAQ:RMBL) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). The company had revenue of $295.00 million for the quarter, compared to the consensus estimate of $302.76 million. RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. During the same period in the previous year, the business posted ($0.71) earnings per share. As a group, equities research analysts expect that RumbleOn, Inc. will post -0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley downgraded shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research note on Friday, November 29th.

RumbleOn 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.