Wedbush Comments on Rumble’s FY2025 Earnings (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUM) – Research analysts at Wedbush lowered their FY2025 EPS estimates for shares of Rumble in a report released on Tuesday, April 15th. Wedbush analyst S. Devitt now expects that the company will post earnings of ($0.37) per share for the year, down from their prior forecast of ($0.35). 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 ($0.62) per share. Wedbush also issued estimates for Rumble’s Q4 2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.31) EPS.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $29.74 million. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis.

Separately, Maxim Group assumed coverage on Rumble in a research note on Wednesday, January 15th. They issued a “buy” rating and a $20.00 price objective for the company.

Rumble Trading Up 1.1 %

Shares of RUM opened at $7.16 on Friday. The stock has a 50 day moving average of $8.47 and a 200 day moving average of $8.72. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -11.37 and a beta of 0.70. Rumble has a 12 month low of $4.92 and a 12 month high of $17.40.

Insider Buying and Selling at Rumble

In related news, insider Claudio Ramolo sold 4,812,646 shares of Rumble stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $36,094,845.00. Following the completion of the sale, the insider now owns 14,283 shares of the company’s stock, valued at approximately $107,122.50. This trade represents a 99.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ryan Milnes sold 24,978,210 shares of the business’s stock in a transaction dated 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 owns 57,290 shares in the company, valued at $429,675. This represents a 99.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,104,017 shares of company stock worth $308,280,128 over the last three months. 70.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rumble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RUM. FMR LLC lifted its stake in shares of Rumble by 995.3% during the 3rd quarter. FMR LLC now owns 22,387 shares of the company’s stock valued at $120,000 after buying an additional 20,343 shares in the last quarter. MML Investors Services LLC bought a new stake in Rumble during the 3rd quarter valued at $185,000. Barclays PLC lifted its position in shares of Rumble by 663.9% during the third quarter. Barclays PLC now owns 13,559 shares of the company’s stock worth $72,000 after acquiring an additional 11,784 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rumble by 14.5% in the third quarter. Geode Capital Management LLC now owns 1,035,718 shares of the company’s stock worth $5,553,000 after acquiring an additional 130,956 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Rumble in the third quarter valued at $70,000. Institutional investors own 26.15% 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.