Northern Trust Corp Has $2.78 Million Stock Position in Rumble Inc. (NASDAQ:RUM)

Northern Trust Corp grew its holdings in Rumble Inc. (NASDAQ:RUM - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,582 shares of the company's stock after purchasing an additional 32,363 shares during the quarter. Northern Trust Corp owned about 0.05% of Rumble worth $2,779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its position in Rumble by 70.9% during the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock worth $26,000 after buying an additional 830 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Rumble during the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC boosted its holdings in Rumble by 50.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company's stock valued at $38,000 after purchasing an additional 980 shares in the last quarter. Barclays PLC boosted its holdings in Rumble by 663.9% during the third quarter. Barclays PLC now owns 13,559 shares of the company's stock valued at $72,000 after purchasing an additional 11,784 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Rumble in the fourth quarter valued at approximately $78,000. 26.15% of the stock is owned by institutional investors and hedge funds.

Rumble Stock Down 3.4%

RUM stock traded down $0.32 during trading on Thursday, hitting $9.08. The company had a trading volume of 1,238,382 shares, compared to its average volume of 3,174,836. The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $9.33. Rumble Inc. has a 12 month low of $4.92 and a 12 month high of $17.40. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -14.41 and a beta of 0.69.

Rumble (NASDAQ:RUM - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported ($1.15) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($1.02). Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The business had revenue of $30.20 million for the quarter, compared to analyst estimates of $29.74 million. The firm's revenue was up 48.0% on a year-over-year basis. Equities analysts expect that Rumble Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush set a $8.00 target price on shares of Rumble and gave the company a "neutral" rating in a research note on Tuesday, April 15th.

Rumble Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.