B. Riley Lowers RumbleOn (NASDAQ:RMBL) Price Target to $7.00

RumbleOn (NASDAQ:RMBL) had its price objective dropped by equities research analysts at B. Riley from $9.00 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 33.84% from the company’s previous close. B. Riley also issued estimates for RumbleOn’s Q2 2025 earnings at $0.26 EPS, Q4 2025 earnings at ($0.01) EPS, Q1 2026 earnings at $0.07 EPS, Q2 2026 earnings at $0.34 EPS and Q3 2026 earnings at $0.03 EPS.

Separately, Wedbush cut their target price on shares of RumbleOn from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

RumbleOn Stock Up 1.5 %

NASDAQ RMBL opened at $5.23 on Wednesday. RumbleOn has a 12 month low of $3.13 and a 12 month high of $8.84. The company has a current ratio of 1.12, a quick ratio of 0.27 and a debt-to-equity ratio of 2.23. The stock has a market cap of $184.72 million, a PE ratio of -0.61 and a beta of 2.08. The stock’s 50 day moving average is $4.84 and its 200 day moving average is $4.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in RumbleOn by 3,910.5% during 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of RumbleOn during the 1st quarter valued at about $90,000. Dimensional Fund Advisors LP lifted its holdings in shares of RumbleOn by 35.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock valued at $120,000 after acquiring an additional 7,704 shares during the last quarter. Magnus Financial Group LLC purchased a new position in RumbleOn in the second quarter worth about $127,000. Finally, Bank of New York Mellon Corp bought a new stake in RumbleOn during the second quarter worth approximately $182,000. 66.14% of the stock is currently owned by institutional investors.

About RumbleOn

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.