Q1 Earnings Estimate for Rumble Issued By Wedbush

Rumble Inc. (NASDAQ:RUM - Free Report) - Stock analysts at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for shares of Rumble in a research report issued to clients and investors on Wednesday, November 13th. Wedbush analyst S. Devitt expects that the company will post earnings of ($0.06) per share for the quarter. Wedbush has a "Neutral" rating and a $8.00 price objective 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 (NASDAQ:RUM - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). Rumble had a negative net margin of 152.81% and a negative return on equity of 59.00%. The business had revenue of $22.47 million for the quarter, compared to analyst estimates of $19.69 million.

Rumble Price Performance

NASDAQ RUM traded down $0.24 during trading hours on Thursday, hitting $5.91. The company had a trading volume of 3,275,701 shares, compared to its average volume of 3,072,571. The firm's 50 day moving average is $5.62 and its 200 day moving average is $6.02. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -9.76 and a beta of 0.72. Rumble has a fifty-two week low of $3.33 and a fifty-two week high of $9.20.

Institutional Investors Weigh In On Rumble

Large investors have recently made changes to their positions in the company. Redwood Wealth Management Group LLC acquired a new position in Rumble in the second quarter worth approximately $30,000. Bank of New York Mellon Corp acquired a new stake in Rumble during the 2nd quarter valued at $66,000. SG Americas Securities LLC purchased a new stake in shares of Rumble in the second quarter valued at $67,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Rumble during the first quarter valued at $81,000. Finally, RIA Advisory Group LLC purchased a new position in shares of Rumble during the third quarter valued at $81,000. Institutional investors and hedge funds own 26.15% of the company's stock.

Insider Activity

In other Rumble news, Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $5.12, for a total transaction of $140,800.00. Following the sale, the director now directly owns 12,659,837 shares in the company, valued at $64,818,365.44. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 195,000 shares of company stock worth $1,086,500. 72.90% of the stock is currently owned by company insiders.

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.