Jane Street Group LLC Trims Stake in RumbleOn, Inc. (NASDAQ:RMBL)

Jane Street Group LLC lowered its stake in RumbleOn, Inc. (NASDAQ:RMBL) by 60.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,468 shares of the company’s stock after selling 17,569 shares during the period. Jane Street Group LLC’s holdings in RumbleOn were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RMBL. Empowered Funds LLC lifted its position in RumbleOn by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 66,150 shares of the company’s stock valued at $317,000 after acquiring an additional 3,350 shares in the last quarter. Citigroup Inc. raised its holdings in RumbleOn by 46,928.8% in the 3rd quarter. Citigroup Inc. now owns 1,701,503 shares of the company’s stock worth $8,150,000 after purchasing an additional 1,697,885 shares during the period. State Street Corp lifted its position in shares of RumbleOn by 1.7% in the third quarter. State Street Corp now owns 181,190 shares of the company’s stock valued at $868,000 after acquiring an additional 3,061 shares in the last quarter. Rhumbline Advisers lifted 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 acquiring an additional 19,279 shares in the last quarter. Finally, Magnus Financial Group LLC increased its holdings 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 purchasing an additional 45,500 shares during the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

RumbleOn Stock Up 4.1 %

RMBL stock opened at $4.52 on Thursday. The company has a market cap of $159.88 million, a price-to-earnings ratio of -0.54 and a beta of 2.31. The company has a current ratio of 1.12, a quick ratio of 0.29 and a debt-to-equity ratio of 2.52. RumbleOn, Inc. has a 12 month low of $3.13 and a 12 month high of $8.17. The firm has a 50-day moving average of $5.71 and a two-hundred day moving average of $4.86.

RumbleOn (NASDAQ:RMBL) last announced its quarterly earnings results 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). RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%. The firm had revenue of $295.00 million for the quarter, compared to analyst estimates of $302.76 million. During the same quarter in the prior year, the business earned ($0.71) EPS. As a group, analysts forecast that RumbleOn, Inc. will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RMBL shares. DA Davidson reissued a “neutral” rating and set a $5.00 price objective (down from $7.50) on shares of RumbleOn in a research note on Tuesday. B. Riley lowered shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 target price 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.