Rumble (NASDAQ:RUM) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Rumble (NASDAQ:RUMFree Report) from a strong sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings raised shares of Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rumble presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on RUM

Rumble Stock Performance

Shares of Rumble stock opened at $7.20 on Friday. The stock has a market capitalization of $3.13 billion, a PE ratio of -16.74 and a beta of 1.02. Rumble has a 52-week low of $4.62 and a 52-week high of $10.99. The company has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $6.19.

Rumble (NASDAQ:RUMGet Free Report) last issued its earnings results on Thursday, March 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $27.09 million. Rumble had a negative return on equity of 40.78% and a negative net margin of 106.91%.The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($1.15) earnings per share. As a group, equities research analysts forecast that Rumble will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Rumble

A number of hedge funds have recently modified their holdings of RUM. Northwestern Mutual Wealth Management Co. bought a new position in shares of Rumble in the fourth quarter worth approximately $47,000. Daiwa Securities Group Inc. boosted its position in shares of Rumble by 47.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 9,254 shares of the company’s stock worth $58,000 after acquiring an additional 2,993 shares during the last quarter. State of Wyoming bought a new position in shares of Rumble during the first quarter worth $62,000. VestGen Advisors LLC bought a new position in shares of Rumble during the fourth quarter worth $64,000. Finally, NewEdge Advisors LLC boosted its position in shares of Rumble by 2,905.9% during the fourth quarter. NewEdge Advisors LLC now owns 10,250 shares of the company’s stock worth $65,000 after acquiring an additional 9,909 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors.

Trending Headlines about Rumble

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About Rumble

(Get Free Report)

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.

Further Reading

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