Rumble (NASDAQ:RUM) Stock Rating Lowered by Wall Street Zen

Rumble (NASDAQ:RUM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rumble in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Rumble has a consensus rating of “Sell”.

Rumble Price Performance

NASDAQ:RUM opened at $7.46 on Friday. Rumble has a fifty-two week low of $4.62 and a fifty-two week high of $10.54. The stock has a market capitalization of $3.70 billion, a P/E ratio of -12.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.12 and a current ratio of 2.12. The company’s 50-day simple moving average is $6.50 and its 200-day simple moving average is $6.39.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). The firm had revenue of $40.37 million during the quarter, compared to analysts’ expectations of $31.23 million. Rumble had a negative return on equity of 22.77% and a negative net margin of 134.60%.The firm’s quarterly revenue was up 61.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. On average, equities analysts anticipate that Rumble will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rumble

Several institutional investors have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. grew its position in Rumble by 26.5% during the 4th quarter. Cantor Fitzgerald L. P. now owns 9,326,205 shares of the company’s stock worth $58,942,000 after purchasing an additional 1,951,768 shares during the last quarter. Cooper Creek Partners Management LLC increased its stake in Rumble by 54.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,242,497 shares of the company’s stock valued at $26,737,000 after purchasing an additional 1,840,893 shares in the last quarter. Barclays PLC raised its holdings in shares of Rumble by 177.8% in the fourth quarter. Barclays PLC now owns 417,454 shares of the company’s stock worth $2,638,000 after buying an additional 267,177 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Rumble during the third quarter worth $1,346,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Rumble by 413.8% during the fourth quarter. Janus Henderson Group PLC now owns 176,447 shares of the company’s stock worth $1,115,000 after buying an additional 142,107 shares during the period. Institutional investors and hedge funds own 26.15% of the company’s stock.

Rumble Company Profile

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.