UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Rumble Inc. (NASDAQ:RUM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Rumble Inc. (NASDAQ:RUM) by 44.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 103,400 shares of the company’s stock after acquiring an additional 31,654 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Rumble were worth $1,345,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Rumble in the fourth quarter worth $183,000. Silver Oak Securities Incorporated raised its position in shares of Rumble by 83.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 31,939 shares of the company’s stock valued at $442,000 after buying an additional 14,550 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Rumble in the 4th quarter valued at about $78,000. Sigma Planning Corp lifted its position in Rumble by 17.8% during the fourth quarter. Sigma Planning Corp now owns 26,332 shares of the company’s stock worth $343,000 after buying an additional 3,985 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Rumble by 70.9% during the 4th quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $26,000 after acquiring an additional 830 shares during the period. Institutional investors and hedge funds own 26.15% of the company’s stock.

Rumble Stock Up 3.8%

NASDAQ:RUM opened at $9.21 on Monday. Rumble Inc. has a 52 week low of $4.92 and a 52 week high of $17.40. The stock’s fifty day moving average is $8.41 and its two-hundred day moving average is $9.50. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -14.62 and a beta of 0.75.

Rumble (NASDAQ:RUM) last announced its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.02). The business had revenue of $30.20 million during the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. On average, sell-side analysts expect that Rumble Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush set a $8.00 price target on shares of Rumble and gave the company a “neutral” rating in a research report on Tuesday, April 15th.

Rumble 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.