Wedbush reiterated that RumbleON Inc – Class B (RMBL) outperforms recommendations

Fintel reported that on May 22, 2023, Wedbush repeated RumbleON Inc Coverage – Class B (NASDAQ: RMBL) with excellent recommendation.

Analyst Price Expectations Suggest 18.57% Gains

One-year average as of May 11, 2023 target price For RumbleON Inc – Class B is 13.09. Expectations range from a low of $9.09 to a high of $21.00. The average target price is up 18.57% from the latest reported closing price of 11.04%.

see our corporate leaderboard The target price has the most upside potential.

RumbleON Inc – Class B expected annual revenue of 1,753 million, an increase of 3.45%.Non-GAAP Annual Forecast EPS is 1.48.

What is Fund Sentiment?

there is 145 foundations or institutions reporting positions RumbleON Inc – Class B. This is unchanged from the previous quarter.Portfolio average weight out of all funds RMBL dedicated was 0.08%, up 1.44%. Total shares owned by institutional investors increased by 16.31% to 9,570,000 shares in the last three months. of put/call ratio The RMBL is at 0.10, indicating a bullish outlook.

What are other shareholders doing?

RMBL / RumbleON Inc - Class B shares held by institutional investors

Stone House Capital Management owns 1,625,000 shares representing a 9.88% ownership interest in the company.

Nantahara Capital Management holds 1,565,000 shares representing a 9.51% ownership interest in the company. Previous filings reported that the company owned 1,489,000 shares. will increase 4.83%.office increased Portfolio allocation in RMBL increased by 16.36% QoQ.

Silverback Asset Management owns 782,000 shares representing a 4.75% ownership interest in the company. Earlier filings reported that the company owned 754,000 shares. will increase 3.58%.office Diminished Portfolio allocations in RMBL increased 4.53% QoQ.

FDGRX – Fidelity Growth Enterprise Fund owns 576,000 shares representing a 3.50% ownership interest in the company. Earlier filings reported that the company owned 590,000 shares. Decrease 2.42%.office increased Portfolio allocation in RMBL increased by 19.43% QoQ.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 404,000 shares representing a 2.46% ownership interest in the company. Earlier filings reported that the company owned 229,000 shares. will increase 43.42%.office Diminished Portfolio allocation at RMBL increased 37.59% QoQ.

RumbleON Background Information
(This description was provided by us.)

Founded in 2017, RumbleOn is an e-commerce company that uses innovative technology to aggregate and distribute used and powersports vehicles 100% online between consumers and dealers. RumbleOn provides dealers with technology solutions such as virtual inventory and his 24/7 distribution platform to provide consumers with an efficient, timely and transparent trading experience without leaving their homes. By doing so, he is disrupting his chain of used car supplies. Whether buying, selling, trading or financing a vehicle, RumbleOn enables dealers and consumers to transact across geographic boundaries in a transparent, fast and frictionless experience.

Main filings of this company:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reported that on May 22, 2023, Wedbush repeated RumbleON Inc Coverage – Class B (NASDAQ: RMBL) with excellent recommendation. Analyst Price Expectations Suggest 18.57% Gains One-year average as of May 11, 2023 target price For RumbleON Inc – Class B is 13.09. Expectations range from a low of $9.09 to a high of $21.00. The average target price is up 18.57% from the latest reported closing price of 11.04%.

see our corporate leaderboard The target price has the most upside potential. RumbleON Inc – Class B expected annual revenue of 1,753 million, an increase of 3.45%.Non-GAAP Annual Forecast EPS is 1.48. What is Fund Sentiment? there is 145 foundations or institutions reporting positions RumbleON Inc – Class B. This is unchanged from the previous quarter.Portfolio average weight out of all funds RMBL dedicated was 0.08%, up 1.44%. Total shares owned by institutional investors increased by 16.31% to 9,570,000 shares in the last three months. of put/call ratio The RMBL is at 0.10, indicating a bullish outlook. What are other shareholders doing? Stone House Capital Management owns 1,625,000 shares representing a 9.88% ownership interest in the company. Nantahara Capital Management holds 1,565,000 shares representing a 9.51% ownership interest in the company. Previous filings reported that the company owned 1,489,000 shares. will increase 4.83%.office increased Portfolio allocation in RMBL increased by 16.36% QoQ.

Silverback Asset Management owns 782,000 shares representing a 4.75% ownership interest in the company. Earlier filings reported that the company owned 754,000 shares. will increase 3.58%.office Diminished Portfolio allocations in RMBL increased 4.53% QoQ. FDGRX – Fidelity Growth Enterprise Fund owns 576,000 shares representing a 3.50% ownership interest in the company. Earlier filings reported that the company owned 590,000 shares. Decrease 2.42%.office increased Portfolio allocation in RMBL increased by 19.43% QoQ. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 404,000 shares representing a 2.46% ownership interest in the company. Earlier filings reported that the company owned 229,000 shares. will increase 43.42%.office Diminished Portfolio allocation at RMBL increased 37.59% QoQ. RumbleON Background Information(This description was provided by us.) Founded in 2017, RumbleOn is an e-commerce company that uses innovative technology to aggregate and distribute used and powersports vehicles 100% online between consumers and dealers. RumbleOn provides dealers with technology solutions such as virtual inventory and his 24/7 distribution platform to provide consumers with an efficient, timely and transparent trading experience without leaving their homes. By doing so, he is disrupting his chain of used car supplies. Whether buying, selling, trading or financing a vehicle, RumbleOn enables dealers and consumers to transact across geographic boundaries in a transparent, fast and frictionless experience.

Main filings of this company: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/wedbush-reiterates-rumbleon-inc-class-b-rmbl-outperform-recommendation Wedbush reiterated that RumbleON Inc – Class B (RMBL) outperforms recommendations

Exit mobile version