Wedbush Comments on Rumble’s Q1 Earnings (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUM) – Equities researchers at Wedbush issued their Q1 2025 EPS estimates for Rumble in a research report issued on Wednesday, November 13th. Wedbush analyst S. Devitt forecasts that the company will post earnings of ($0.06) per share for the quarter. Wedbush has a “Neutral” rating and a $8.00 price target on the stock. The consensus estimate for Rumble’s current full-year earnings is ($0.55) per share. Wedbush also issued estimates for Rumble’s Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.12) EPS and Q4 2025 earnings at ($0.08) EPS.

Rumble Stock Performance

RUM opened at $5.61 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of -8.90 and a beta of 0.72. Rumble has a one year low of $3.33 and a one year high of $9.20. The business’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $6.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Rumble by 20.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,962 shares of the company’s stock worth $166,000 after acquiring an additional 5,348 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in Rumble in the 2nd quarter valued at approximately $30,000. Cambridge Investment Research Advisors Inc. increased its position in Rumble by 5.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company’s stock worth $976,000 after purchasing an additional 8,824 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Rumble during the 1st quarter worth approximately $81,000. Finally, Barclays PLC lifted its holdings in shares of Rumble by 663.9% in the 3rd quarter. Barclays PLC now owns 13,559 shares of the company’s stock valued at $72,000 after buying an additional 11,784 shares during the period. 26.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert Arsov sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $5.93, for a total value of $177,900.00. Following the transaction, the director now owns 12,517,337 shares in the company, valued at $74,227,808.41. The trade was a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 195,000 shares of company stock valued at $1,086,500 over the last quarter. Company insiders own 72.90% of the company’s stock.

About Rumble

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.