Janus Henderson Group PLC Has $174,000 Stake in Rumble Inc. $RUM

Janus Henderson Group PLC reduced its stake in Rumble Inc. (NASDAQ:RUM) by 80.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,340 shares of the company’s stock after selling 142,107 shares during the quarter. Janus Henderson Group PLC’s holdings in Rumble were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RUM. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Rumble in the 4th quarter valued at about $47,000. Canada Pension Plan Investment Board bought a new stake in shares of Rumble in the second quarter valued at about $75,000. Daiwa Securities Group Inc. boosted its position in shares of Rumble by 47.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 9,254 shares of the company’s stock worth $58,000 after buying an additional 2,993 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Rumble during the third quarter worth about $72,000. Finally, VestGen Advisors LLC bought a new position in shares of Rumble during the fourth quarter worth about $64,000. 26.15% of the stock is owned by institutional investors and hedge funds.

Rumble Stock Performance

NASDAQ:RUM opened at $6.92 on Wednesday. Rumble Inc. has a 52-week low of $4.62 and a 52-week high of $10.54. The company has a market cap of $3.02 billion, a P/E ratio of -11.73 and a beta of 1.14. The stock’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $6.36.

Rumble (NASDAQ:RUM) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.18). The company had revenue of $40.37 million for the quarter, compared to analyst estimates of $31.23 million. Rumble had a negative net margin of 134.60% and a negative return on equity of 46.53%. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period last year, the company posted ($0.12) earnings per share. As a group, equities analysts predict that Rumble Inc. will post -0.22 earnings per share for the current fiscal year.

More Rumble News

Here are the key news stories impacting Rumble this week:

• Positive Sentiment: Rumble reported second-quarter revenue of $40.37 million, up 61% year over year and well above the approximately $31.23 million analyst estimate. The strong sales performance and record revenue are supporting the stock. Rumble Parent Reports Record Revenue, Closes AI Acquisition: What Investors Should Know
• Positive Sentiment: The company completed an AI acquisition, which could expand Rumble’s technology capabilities and create additional long-term growth opportunities. Rumble Parent Reports Record Revenue, Closes AI Acquisition: What Investors Should Know
• Positive Sentiment: Third-quarter revenue guidance of $87 million to $93 million brackets the consensus estimate of $88.7 million, indicating management expects continued momentum. Rumble surprises with Q2 sales
• Neutral Sentiment: Trading volume was substantially above average, suggesting heightened investor attention surrounding the earnings release. Shares were also above both their 50-day and 200-day moving averages.
• Neutral Sentiment: The reported short-interest data shows zero shares short and a zero-day short ratio, but the figures include an invalid “NaN” change and appear unreliable; therefore, they provide little usable signal for investors.
• Negative Sentiment: Rumble posted a quarterly loss of $0.28 per share, significantly worse than the consensus loss estimate of $0.10 and wider than the year-earlier loss. Another earnings summary reported a $0.15 loss, highlighting a discrepancy in the published figures that investors may scrutinize. Rumble quarterly earnings results

Wall Street Analyst Weigh In

RUM has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Rumble in a research report on Friday, July 24th. Wall Street Zen raised shares of Rumble from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Rumble

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.