Rumble (NASDAQ:RUM - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at Oppenheimer in a research report issued to clients and investors on Thursday, Benzinga reports.
Rumble Stock Down 4.9 %
Shares of Rumble stock traded down $0.42 during trading hours on Thursday, hitting $8.08. The company's stock had a trading volume of 4,671,393 shares, compared to its average volume of 6,832,442. Rumble has a 1-year low of $3.33 and a 1-year high of $11.25. The business has a fifty day moving average of $6.98 and a 200 day moving average of $5.63. The company has a market capitalization of $3.12 billion, a PE ratio of -18.79 and a beta of 0.77.
Rumble (NASDAQ:RUM - Get Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.08. Rumble had a negative net margin of 109.39% and a negative return on equity of 30.48%. The company had revenue of $20.39 million during the quarter, compared to analyst estimates of $28.13 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Rumble will post -0.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Rumble
Large investors have recently made changes to their positions in the business. Signaturefd LLC acquired a new stake in Rumble during the 4th quarter valued at $32,000. Principal Securities Inc. bought a new position in Rumble during the 4th quarter valued at $32,000. Solano Wealth Management Inc. bought a new position in Rumble during the 3rd quarter valued at $51,000. Red Door Wealth Management LLC bought a new position in Rumble during the 3rd quarter valued at $53,000. Finally, Harbour Investments Inc. boosted its stake in Rumble by 11.4% during the 4th quarter. Harbour Investments Inc. now owns 14,999 shares of the company's stock valued at $67,000 after acquiring an additional 1,540 shares during the last quarter. Institutional investors and hedge funds own 26.15% of the company's stock.
Rumble Company Profile
(
Get Free Report)
Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a 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. It also operates locals.com, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.
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