Stock analysts at B. Riley started coverage on shares of RumbleON (OTCMKTS:RMBL) in a research report issued on Friday. The brokerage set a “buy” rating and a $9.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 71.76% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. National Securities initiated coverage on RumbleON in a report on Thursday, December 20th. They set a “buy” rating for the company. Zacks Investment Research upgraded RumbleON from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. RumbleON has a consensus rating of “Buy” and a consensus target price of $10.50.

Shares of RumbleON stock opened at $5.24 on Friday. RumbleON has a 52 week low of $3.60 and a 52 week high of $10.98.

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in RumbleON in the third quarter worth about $108,000. Millennium Management LLC purchased a new position in RumbleON in the fourth quarter worth about $60,000. Pathlight Investors LLC purchased a new position in RumbleON in the fourth quarter worth about $158,000. Cannell Capital LLC purchased a new position in RumbleON in the fourth quarter worth about $161,000. Finally, Allianz Asset Management GmbH purchased a new position in RumbleON in the third quarter worth about $495,000.

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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