Wedbush Issues Pessimistic Estimate for Rumble Earnings

Rumble Inc. (NASDAQ:RUM) – Research analysts at Wedbush lowered their Q1 2025 earnings estimates for Rumble in a report released on Tuesday, March 25th. Wedbush analyst S. Devitt now forecasts that the company will earn ($0.08) per share for the quarter, down from their prior 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.

Rumble (NASDAQ:RUM) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $29.74 million. Rumble’s quarterly revenue 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 set a “buy” rating and a $20.00 target price for the company.

Rumble Trading Down 6.0 %

NASDAQ RUM opened at $7.24 on Friday. Rumble has a twelve month low of $4.92 and a twelve month high of $17.40. The stock has a 50-day moving average of $10.21 and a 200 day moving average of $8.50. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -11.49 and a beta of 0.56.

Institutional Investors Weigh In On Rumble

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Rumble by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,972,575 shares of the company’s stock worth $103,723,000 after acquiring an additional 229,294 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Rumble by 9,234.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,351,803 shares of the company’s stock worth $17,587,000 after purchasing an additional 1,337,321 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rumble by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,041,044 shares of the company’s stock worth $13,550,000 after purchasing an additional 5,326 shares during the last quarter. Millennium Management LLC grew its position in shares of Rumble by 287.7% in the fourth quarter. Millennium Management LLC now owns 781,747 shares of the company’s stock valued at $10,171,000 after purchasing an additional 580,105 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Rumble by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 638,316 shares of the company’s stock valued at $8,304,000 after purchasing an additional 17,100 shares during the last quarter. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Brandon Alexandroff sold 6,828,420 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $51,213,150.00. Following the completion of the transaction, the chief financial officer now directly owns 64,210 shares of the company’s stock, valued at approximately $481,575. This represents a 99.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Pavlovski sold 354,849 shares of the firm’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 completion of the transaction, the chief executive officer now owns 522,927 shares in the company, valued at $3,921,952.50. The trade was a 40.43 % decrease in their position. 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 90 days. 70.10% of the stock is currently owned by company 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.