Research Analysts Issue Forecasts for Rumble Q1 Earnings

Rumble Inc. (NASDAQ:RUM) – Research analysts at Wedbush issued their Q1 2025 earnings estimates for shares of Rumble in a report released on Wednesday, November 13th. Wedbush analyst S. Devitt anticipates that the company will post earnings of ($0.06) per share for the quarter. Wedbush has a “Neutral” rating and a $8.00 price objective on the stock. The consensus estimate for Rumble’s current full-year earnings is ($0.55) per share. Wedbush also issued estimates for Rumble’s Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.12) EPS and Q4 2025 earnings at ($0.08) EPS.

Rumble (NASDAQ:RUM) last released its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $22.47 million during the quarter, compared to analysts’ expectations of $19.69 million. Rumble had a negative return on equity of 59.00% and a negative net margin of 152.81%.

Rumble Price Performance

NASDAQ:RUM opened at $5.91 on Thursday. The firm’s 50-day moving average price is $5.62 and its 200-day moving average price is $6.02. The company has a market capitalization of $2.30 billion, a PE ratio of -9.76 and a beta of 0.72. Rumble has a 1-year low of $3.33 and a 1-year high of $9.20.

Insider Transactions at Rumble

In related news, Director Robert Arsov sold 30,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $5.93, for a total transaction of $177,900.00. Following the sale, the director now directly owns 12,517,337 shares of the company’s stock, valued at approximately $74,227,808.41. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 195,000 shares of company stock valued at $1,086,500 in the last three months. 72.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rumble

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Rumble by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 478,317 shares of the company’s stock worth $2,564,000 after purchasing an additional 24,879 shares during the period. Empirical Capital Management LLC bought a new position in shares of Rumble in the 1st quarter worth approximately $1,584,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Rumble by 5.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 175,927 shares of the company’s stock worth $976,000 after purchasing an additional 8,824 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Rumble by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 106,699 shares of the company’s stock worth $862,000 after purchasing an additional 27,289 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Rumble in the 1st quarter worth approximately $339,000. Institutional investors own 26.15% of the company’s stock.

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.