Wedbush Issues Pessimistic Outlook for Rumble Earnings

Rumble Inc. (NASDAQ:RUM) – Investment analysts at Wedbush lowered their Q1 2025 earnings per share (EPS) estimates for shares of Rumble in a research report issued on Tuesday, March 25th. Wedbush analyst S. Devitt now anticipates that the company will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.06). Wedbush has a “Neutral” rating and a $10.00 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 Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.35) EPS and FY2026 earnings at ($0.29) EPS.

Rumble (NASDAQ:RUM) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.02). The company had revenue of $30.20 million for the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The business’s quarterly revenue was up 48.0% compared to the same quarter last year.

Separately, Maxim Group initiated coverage on shares of Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price objective on the stock.

Rumble Trading Down 6.0 %

Shares of Rumble stock opened at $7.24 on Friday. The firm’s 50 day simple moving average is $10.21 and its two-hundred day simple moving average is $8.52. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -11.49 and a beta of 0.56. Rumble has a 12-month low of $4.92 and a 12-month high of $17.40.

Insider Activity

In other news, CEO Christopher Pavlovski sold 354,849 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $2,661,367.50. Following the sale, the chief executive officer now directly owns 522,927 shares of the company’s stock, valued at $3,921,952.50. This represents a 40.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ryan Milnes sold 24,978,210 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $187,336,575.00. Following the transaction, the director now directly owns 57,290 shares of the company’s stock, valued at approximately $429,675. This trade represents a 99.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,104,017 shares of company stock valued at $308,280,128. Company insiders own 70.10% of the company’s stock.

Institutional Investors Weigh In On Rumble

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rumble by 44.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,400 shares of the company’s stock valued at $1,345,000 after purchasing an additional 31,654 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Rumble in the fourth quarter worth about $408,000. Two Sigma Investments LP purchased a new stake in Rumble during the 4th quarter valued at about $4,093,000. OMERS ADMINISTRATION Corp acquired a new stake in Rumble in the 4th quarter valued at about $753,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Rumble in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

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.