OMERS ADMINISTRATION Corp bought a new position in shares of Rumble Inc. (NASDAQ:RUM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 57,900 shares of the company's stock, valued at approximately $753,000.
Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC boosted its stake in Rumble by 663.9% in the 3rd quarter. Barclays PLC now owns 13,559 shares of the company's stock worth $72,000 after purchasing an additional 11,784 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Rumble during the 4th quarter valued at $183,000. Raymond James Financial Inc. purchased a new stake in shares of Rumble in the fourth quarter valued at $468,000. Charles Schwab Investment Management Inc. lifted its stake in Rumble by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,793 shares of the company's stock worth $6,411,000 after purchasing an additional 14,476 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Rumble by 423.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,003 shares of the company's stock worth $104,000 after acquiring an additional 6,473 shares during the last quarter. Hedge funds and other institutional investors own 26.15% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wedbush set a $8.00 price target on shares of Rumble and gave the company a "neutral" rating in a research note on Tuesday, April 15th.
Check Out Our Latest Analysis on Rumble
Rumble Stock Performance
NASDAQ:RUM traded down $0.52 during trading hours on Wednesday, reaching $9.15. The company's stock had a trading volume of 2,804,575 shares, compared to its average volume of 3,149,930. The company has a market capitalization of $3.97 billion, a P/E ratio of -14.52 and a beta of 0.69. The stock has a 50 day moving average price of $8.06 and a two-hundred day moving average price of $9.20. Rumble Inc. has a 12 month low of $4.92 and a 12 month high of $17.40.
Rumble (NASDAQ:RUM - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.02). Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The firm had revenue of $30.20 million for the quarter, compared to analysts' expectations of $29.74 million. Rumble's revenue for the quarter was up 48.0% compared to the same quarter last year. As a group, analysts predict that Rumble Inc. will post -0.62 EPS for the current fiscal year.
About Rumble
(
Free Report)
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.
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