Rumble (NASDAQ:RUM) Announces Earnings Results

Rumble (NASDAQ:RUMGet Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.08, reports. Rumble had a negative return on equity of 30.48% and a negative net margin of 109.39%. The company had revenue of $20.39 million during the quarter, compared to analysts’ expectations of $28.13 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 2.2% on a year-over-year basis.

Rumble Stock Down 4.9 %

Rumble stock opened at $8.08 on Friday. The stock has a 50-day simple moving average of $6.98 and a 200 day simple moving average of $5.63. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -18.79 and a beta of 0.77. Rumble has a 12-month low of $3.33 and a 12-month high of $11.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. acquired a new position in shares of Rumble during the first quarter valued at $100,000. Squarepoint Ops LLC acquired a new position in Rumble during the 4th quarter valued at about $75,000. ExodusPoint Capital Management LP bought a new position in shares of Rumble in the 4th quarter valued at about $77,000. Stifel Financial Corp boosted its stake in Rumble by 14.2% in the second quarter. Stifel Financial Corp now owns 13,290 shares of the company’s stock valued at $119,000 after acquiring an additional 1,649 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of Rumble by 11.4% in the 4th quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock valued at $67,000 after acquiring an additional 1,540 shares during the last quarter. Institutional investors own 26.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer restated a “market perform” rating on shares of Rumble in a research report on Thursday.

Check Out Our Latest Stock Report on Rumble

Rumble Company Profile

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates, a 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. It also operates, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.

See Also

Earnings History for Rumble (NASDAQ:RUM)

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