Rumble (NASDAQ:RUM) Given “Market Perform” Rating at Oppenheimer

Rumble (NASDAQ:RUM)‘s stock had its “market perform” rating reissued by investment analysts at Oppenheimer in a report released on Thursday, Benzinga reports.

Rumble Trading Down 1.3 %

RUM stock opened at $8.50 on Thursday. The stock has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $5.61. Rumble has a 12-month low of $3.33 and a 12-month high of $11.25. The company has a market cap of $3.28 billion, a PE ratio of -19.77 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RUM. Signaturefd LLC acquired a new position in shares of Rumble during the fourth quarter worth about $32,000. Principal Securities Inc. acquired a new position in shares of Rumble in the fourth quarter worth about $32,000. Solano Wealth Management Inc. acquired a new position in shares of Rumble in the third quarter worth about $51,000. Red Door Wealth Management LLC acquired a new position in shares of Rumble in the third quarter worth about $53,000. Finally, Harbour Investments Inc. lifted its stake in shares of Rumble by 11.4% in the fourth quarter. Harbour Investments Inc. now owns 14,999 shares of the company’s stock worth $67,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors and hedge funds 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 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 locals.com, 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.