Wedbush Issues Negative Outlook for Rumble Earnings

Rumble Inc. (NASDAQ:RUM - Free Report) - Research analysts at Wedbush lowered their Q1 2025 EPS estimates for shares of Rumble in a research report issued to clients and investors on Tuesday, March 25th. Wedbush analyst S. Devitt now expects that the company will earn ($0.08) per share for the quarter, down from their previous estimate 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.

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

Rumble Stock Up 3.6 %

RUM stock traded up $0.26 during midday trading on Friday, hitting $7.33. The company's stock had a trading volume of 1,041,174 shares, compared to its average volume of 3,044,995. The firm has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $8.55. The firm has a market capitalization of $2.85 billion, a P/E ratio of -11.64 and a beta of 0.56. Rumble has a 52-week low of $4.92 and a 52-week high of $17.40.

Rumble (NASDAQ:RUM - Get Free Report) 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). Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The firm had revenue of $30.20 million during the quarter, compared to analyst estimates of $29.74 million. The company's revenue for the quarter was up 48.0% on a year-over-year basis.

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Institutional Investors Weigh In On Rumble

A number of large investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in Rumble by 70.9% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock valued at $26,000 after buying an additional 830 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in Rumble in the 4th quarter valued at $35,000. Steward Partners Investment Advisory LLC boosted its stake in 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 purchasing an additional 980 shares during the period. Measured Risk Portfolios Inc. bought a new position in Rumble during the 4th quarter worth about $65,000. Finally, Virtu Financial LLC bought a new position in Rumble during the 3rd quarter worth about $70,000. 26.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Ryan Milnes sold 24,978,210 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $187,336,575.00. Following the completion of the sale, the director now directly owns 57,290 shares of the company's stock, valued at approximately $429,675. This represents a 99.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 approximately $3,921,952.50. This represents a 40.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is currently owned by corporate insiders.

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.