Rumble (NASDAQ:RUM) Stock Rating Upgraded by Zacks Research

Rumble (NASDAQ:RUM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Rumble from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Lake Street Capital began coverage on Rumble in a research report on Tuesday, October 6th. They set a “hold” rating and a $25.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rumble in a report on Thursday, October 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $25.00.

Rumble Trading Up 16.6%

Shares of NASDAQ:RUM opened at $5.96 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.25. Rumble has a twelve month low of $4.49 and a twelve month high of $10.60. The company has a 50-day moving average price of $6.93 and a two-hundred day moving average price of $6.67.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Wednesday, November 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $96.58 million during the quarter, compared to the consensus estimate of $89.00 million. Rumble had a negative net margin of 134.60% and a negative return on equity of 22.77%. The business’s revenue for the quarter was up 289.5% on a year-over-year basis. During the same period last year, the firm earned ($0.06) EPS. On average, equities analysts predict that Rumble will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RUM. Cooper Creek Partners Management LLC increased its position in shares of Rumble by 54.1% during the first quarter. Cooper Creek Partners Management LLC now owns 5,242,497 shares of the company’s stock valued at $26,737,000 after buying an additional 1,840,893 shares during the period. Silver Oak Securities Incorporated purchased a new stake in shares of Rumble in the third quarter worth about $341,000. Evergreen Capital Management LLC purchased a new stake in shares of Rumble in the third quarter worth about $268,000. Corient Private Wealth LP bought a new position in shares of Rumble in the second quarter valued at approximately $164,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Rumble in the third quarter valued at approximately $193,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Latest Rumble News

Here’s some of the latest news about RUM:

• Positive Sentiment: Third-quarter revenue rose 289.5% year over year and exceeded estimates, providing a strong growth signal. This appeared to be a key driver of investor enthusiasm. Article: RUM Group Just Soared Higher — Here’s Why
• Neutral Sentiment: Call-option purchases were unusually high, about 182% above typical daily volume. This suggests increased bullish positioning but is a trading signal rather than a change in the company’s fundamentals.
• Negative Sentiment: Fourth-quarter revenue guidance of $88 million–$94 million has a $91 million midpoint, below analysts’ $92.2 million consensus estimate, potentially limiting optimism about near-term growth.

About Rumble

Rumble Inc. operates a video-sharing platform where users can upload, watch and share videos. The company also offers live-streaming tools and services that help creators publish and monetize content, including through advertising and subscriptions. Founded in 2013 by Chris Pavlovski, Rumble has expanded beyond video distribution into cloud computing. Its Rumble Cloud business provides infrastructure services to organizations seeking alternatives to larger cloud providers. The company serves creators, viewers and business customers in multiple countries, with a substantial presence in North America.