What is Wedbush's Estimate for Rumble FY2025 Earnings?

Rumble Inc. (NASDAQ:RUM - Free Report) - Equities researchers at Wedbush cut their FY2025 earnings estimates for Rumble in a research note issued to investors on Tuesday, April 15th. Wedbush analyst S. Devitt now expects that the company will earn ($0.37) per share for the year, down from their previous estimate of ($0.35). Wedbush currently has a "Neutral" rating and a $8.00 price target on the stock. The consensus estimate for Rumble's current full-year earnings is ($0.62) per share. Wedbush also issued estimates for Rumble's Q4 2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.31) EPS.

Rumble (NASDAQ:RUM - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share 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 company had revenue of $30.20 million for the quarter, compared to analysts' expectations of $29.74 million. The business's quarterly revenue was up 48.0% on a year-over-year basis.

Separately, Maxim Group assumed coverage on Rumble in a report on Wednesday, January 15th. They set a "buy" rating and a $20.00 price objective on the stock.

Rumble Price Performance

NASDAQ RUM traded up $0.40 during trading hours on Friday, reaching $7.96. 1,050,558 shares of the stock traded hands, compared to its average volume of 3,054,555. The stock has a 50 day simple moving average of $8.32 and a two-hundred day simple moving average of $8.78. Rumble has a 1 year low of $4.92 and a 1 year high of $17.40. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -12.63 and a beta of 0.70.

Insiders Place Their Bets

In other news, CEO Christopher Pavlovski sold 354,849 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the completion of the sale, the chief executive officer now directly owns 522,927 shares in the company, valued at approximately $3,921,952.50. This represents a 40.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Wojciech Hlibowicki sold 3,817,165 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $28,628,737.50. Following the transaction, the chief technology officer now owns 4,592 shares in the company, valued at approximately $34,440. This represents a 99.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,104,017 shares of company stock valued at $308,280,128 over the last three months. Insiders own 70.10% of the company's stock.

Hedge Funds Weigh In On Rumble

Several hedge funds have recently made changes to their positions in RUM. IFP Advisors Inc raised its holdings in Rumble by 70.9% in the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock worth $26,000 after purchasing an additional 830 shares in the last quarter. North Star Investment Management Corp. boosted its position in Rumble by 60.0% during the 1st quarter. North Star Investment Management Corp. now owns 4,000 shares of the company's stock valued at $28,000 after acquiring an additional 1,500 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of Rumble during the 4th quarter worth approximately $35,000. Steward Partners Investment Advisory LLC raised its position in shares of Rumble by 50.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company's stock worth $38,000 after acquiring an additional 980 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of Rumble in the 4th quarter valued at approximately $65,000. 26.15% of the stock is owned by hedge funds and other institutional investors.

Rumble Company 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.