Top 5 Stock Picks of Andrew Wiener’s Samjo Capital

3. RumbleON, Inc. (NASDAQ:RMBL)

Samjo Capital’s Stake Value: $10,468,000
Percentage of Samjo Capital’s Portfolio: 8.95%
Number of Hedge Fund Holders: 13

RumbleON, Inc. (NASDAQ:RMBL) is a company that provides e-commerce and dealer platforms for automobiles. Steven Ng and Andrew Mitchell’s Ophir Asset Management held a notable stake in RumbleON, Inc. (NASDAQ:RMBL) at the conclusion of the first quarter of 2022, worth $33.76 million.

13 out of the 912 hedge funds held stakes in RumbleON, Inc. (NASDAQ:RMBL) in the first quarter of 2022, valued at $91.36 million, compared to the same number of funds in the preceding quarter holding stakes in RumbleON, Inc. (NASDAQ:RMBL) equaling $111.50 million.

RumbleON, Inc. (NASDAQ:RMBL) has featured on Samjo Capital’s portfolio since the fourth quarter of 2021. The hedge fund inched up its position in RumbleON, Inc. (NASDAQ:RMBL) to 306,000 shares held at the end of the first quarter of 2022.

B. Riley analyst Eric Wold maintained a Buy recommendation on RumbleON, Inc. (NASDAQ:RMBL) and lowered his price objective to $53 from $70 on May 11. Although the company’s Q1 sales and adjusted EBITDA surpassed expectations, he lowered the goal since peer group multiples were lower.