Wedbush Has Pessimistic Outlook of Rumble Q1 Earnings

Rumble Inc. (NASDAQ:RUM) – Investment analysts at Wedbush decreased their Q1 2025 EPS estimates for Rumble in a report issued 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 prior forecast of ($0.06). Wedbush has a “Neutral” rating and a $10.00 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 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 began coverage on shares of Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 target price on the stock.

Rumble Trading Down 1.7 %

Rumble stock opened at $7.70 on Friday. The stock has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $8.48. Rumble has a 12 month low of $4.92 and a 12 month high of $17.38. The company has a market capitalization of $3.00 billion, a PE ratio of -12.22 and a beta of 0.56.

Rumble (NASDAQ:RUM) last issued its earnings results on Tuesday, March 25th. The company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.02). The business had revenue of $30.20 million for the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. Rumble’s revenue for the quarter was up 48.0% compared to the same quarter last year.

Institutional Trading of Rumble

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in Rumble by 70.9% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $26,000 after purchasing an additional 830 shares during the period. Coppell Advisory Solutions LLC bought a new stake in shares of Rumble during the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC increased its stake in Rumble by 50.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company’s stock valued at $38,000 after purchasing an additional 980 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new stake in shares of Rumble in the 4th quarter worth about $65,000. Finally, Virtu Financial LLC purchased a new stake in shares of Rumble in the third quarter worth approximately $70,000. Institutional investors own 26.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ryan Milnes sold 24,978,210 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 $187,336,575.00. Following the completion of the transaction, the director now directly owns 57,290 shares of the company’s stock, valued at approximately $429,675. This trade represents a 99.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brandon Alexandroff sold 6,828,420 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 $51,213,150.00. Following the completion of the transaction, the chief financial officer now directly owns 64,210 shares in the company, valued at $481,575. This represents a 99.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is currently owned by 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.