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

Barclays PLC lifted its stake in RumbleOn, Inc. (NASDAQ:RMBL) by 278.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of RumbleOn by 3,910.5% in the 2nd quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock worth $81,000 after purchasing an additional 19,279 shares during the period. Dimensional Fund Advisors LP raised its stake in RumbleOn by 35.9% in the second quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock valued at $120,000 after buying an additional 7,704 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of RumbleOn in the second quarter worth about $182,000. Empowered Funds LLC grew its holdings in RumbleOn by 5.3% during 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 period. Finally, Magnus Financial Group LLC grew its holdings in RumbleOn by 146.8% during 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 period. Hedge funds and other institutional investors own 66.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RMBL. DA Davidson reaffirmed a “neutral” rating and set a $5.00 target price (down from $7.50) on shares of RumbleOn in a report on Tuesday, January 14th. B. Riley lowered 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 Price Performance

NASDAQ:RMBL opened at $4.57 on Friday. RumbleOn, Inc. has a 52 week low of $3.13 and a 52 week high of $8.17. 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 $161.64 million, a P/E ratio of -0.54 and a beta of 2.31. The stock’s fifty day moving average is $5.57 and its two-hundred day moving average is $4.87.

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

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.