RumbleON Inc Gets a Buy Rating from Roth Capital

By Austin Angelo

Roth Capital analyst Darren Aftahi reiterated a Buy rating on RumbleON Inc (NASDAQ: RMBL) yesterday and set a price target of $7.50. The company’s shares closed yesterday at $5.15.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.9% and a 52.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, The Meet Group Inc, and Mitek Systems Inc.

RumbleON Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.

Based on RumbleON Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.71 million and GAAP net loss of $2.32 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $169.9K.

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RumbleON, Inc. is a development stage company, which engages in designing and developing a computer application software for mobile phones and tablet computers. The company was founded by Matthew Lane on October 24, 2013 and is headquartered in Charlotte, NC.