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

Key Points

• Zacks Research upgraded Rumble from “strong sell” to “hold.” Analyst sentiment remains cautious overall, with MarketBeat reporting an average “Reduce” rating and a $25 average price target.
• In its latest quarter, Rumble reported revenue of $96.58 million, up 289.5% year over year and above estimates, but its loss per share of $0.19 was wider than the expected $0.11 loss.
• Rumble shares opened at $5.96; the stock’s 52-week range was $4.49 to $10.60.

Rumble (NASDAQ:RUM - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday, Zacks reports.

A number of other analysts have also commented on RUM. Wall Street Zen lowered Rumble from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rumble in a research report on Thursday, October 22nd. Finally, Lake Street Capital began coverage on Rumble in a research note on Tuesday, October 6th. They issued a "hold" rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $25.00.

Rumble Stock Performance

Rumble stock opened at $5.96 on Tuesday. Rumble has a 52 week low of $4.49 and a 52 week high of $10.60. The company's 50 day moving average price is $6.93 and its two-hundred day moving average price is $6.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 2.12.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUM. Cooper Creek Partners Management LLC increased its stake in shares of Rumble by 54.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,242,497 shares of the company's stock worth $26,737,000 after purchasing an additional 1,840,893 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Rumble by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 322,245 shares of the company's stock valued at $1,643,000 after purchasing an additional 1,475 shares during the period. Sigma Planning Corp grew its holdings in Rumble by 2.1% during the first quarter. Sigma Planning Corp now owns 162,699 shares of the company's stock valued at $830,000 after purchasing an additional 3,349 shares during the period. Russell Investments Group Ltd. increased its position in Rumble by 21.8% in the third quarter. Russell Investments Group Ltd. now owns 72,661 shares of the company's stock worth $549,000 after buying an additional 12,989 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in Rumble in the third quarter worth $341,000. 26.15% of the stock is currently owned by hedge funds and other institutional investors.

Recent Rumble Headlines

Here are a few of the latest headlines 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
• Positive Sentiment: Rumble’s AI infrastructure business, Quake AI, plans to deploy NVIDIA’s Minerva platform to help improve AI-factory operations. The announcement may bolster the company’s AI infrastructure prospects, though it describes a planned deployment. Article: Quake AI Plans to Deploy NVIDIA Minerva
• 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.

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