RideNow Group (NASDAQ:RDNW) Price Target Lowered to $8.00 at DA Davidson

Posted by Brian Himes on Aug 12th, 2026

RideNow Group (NASDAQ:RDNW – Get Free Report) had its price objective cut by analysts at DA Davidson from $9.00 to $8.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential upside of 25.79% from the company’s current price.

RDNW has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of RideNow Group in a report on Friday, July 17th. Wall Street Zen downgraded shares of RideNow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Robert W. Baird boosted their target price on shares of RideNow Group from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $8.50.

View Our Latest Stock Report on RideNow Group

RideNow Group Trading Down 2.3%

RDNW stock traded down $0.15 during midday trading on Wednesday, hitting $6.36. The stock had a trading volume of 143,020 shares, compared to its average volume of 76,443. The firm has a market cap of $245.41 million, a P/E ratio of -5.13 and a beta of 1.18. The business has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $6.67. RideNow Group has a 1-year low of $2.85 and a 1-year high of $8.55.

RideNow Group (NASDAQ:RDNW – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $296.80 million during the quarter. RideNow Group had a negative return on equity of 2,628.57% and a negative net margin of 4.28%.

Hedge Funds Weigh In On RideNow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in RDNW. Union Square Park Capital Management LLC bought a new position in RideNow Group during the fourth quarter valued at $8,763,000. JB Capital Partners LP bought a new position in shares of RideNow Group in the fourth quarter worth approximately $386,000. Hillsdale Investment Management Inc. purchased a new stake in shares of RideNow Group during the 4th quarter valued at $330,000. City State Bank bought a new position in shares of RideNow Group during the 4th quarter valued at about $26,000. Finally, Balyasny Asset Management L.P. bought a new stake in RideNow Group in the 4th quarter worth approximately $66,000. 66.14% of the stock is owned by hedge funds and other institutional investors.

About RideNow Group

(Get Free Report)

RideNow Group, Inc (NASDAQ: RDNW) is a leading U.S. retailer of powersports vehicles, offering both new and pre-owned inventory to enthusiasts and recreational riders. The company’s dealerships carry a diverse lineup of motorcycles, all-terrain vehicles (ATVs), side-by-sides, personal watercraft and snowmobiles from major manufacturers. In addition to vehicle sales, RideNow Group provides comprehensive service and maintenance, aftermarket parts and accessories and a range of financing and protection plans tailored to powersports customers.

Founded in 2004 and headquartered in Houston, Texas, RideNow Group has grown through a combination of organic expansion and strategic acquisitions.