RumbleON’s (OTCMKTS:RMBL) quiet period is set to end on Tuesday, November 28th. RumbleON had issued 2,910,000 shares in its public offering on October 19th. The total size of the offering was $16,005,000 based on an initial share price of $5.50. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Separately, Roth Capital started coverage on RumbleON in a research report on Wednesday, October 25th. They set a “buy” rating and a $7.75 price objective for the company.
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RumbleON (OTCMKTS:RMBL) last released its earnings results on Thursday, November 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. The company had revenue of $3.71 million for the quarter, compared to the consensus estimate of $3.45 million. sell-side analysts predict that RumbleON will post -0.69 EPS for the current year.
In other RumbleON news, Director Denmar John Dixon acquired 50,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $5.07 per share, for a total transaction of $253,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
RumbleON Company Profile
RumbleON, Inc (RumbleON), formerly Smart Server Inc, is a development-stage company. The Company focuses on creating an e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned recreation vehicles (RV). Serving both consumers and dealers, RumbleON makes such consumers or dealers a cash offer for the purchase of their vehicle.
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