Rumble (NASDAQ:RUM) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Rumble (NASDAQ:RUM) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

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

Rumble Stock Up 10.5%

Shares of NASDAQ:RUM opened at $8.24 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $6.51 and a 200 day simple moving average of $6.41. The firm has a market cap of $4.09 billion, a PE ratio of -13.97 and a beta of 1.14. Rumble has a 12-month low of $4.62 and a 12-month high of $10.54.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.18). The company had revenue of $40.37 million during 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 22.77%. The company’s revenue was up 61.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) earnings per share. On average, equities research analysts anticipate that Rumble will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Rumble

Large investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. increased its stake in Rumble by 26.5% during the fourth quarter. Cantor Fitzgerald L. P. now owns 9,326,205 shares of the company’s stock valued at $58,942,000 after purchasing an additional 1,951,768 shares during the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Rumble by 54.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 5,242,497 shares of the company’s stock worth $26,737,000 after buying an additional 1,840,893 shares during the last quarter. Barclays PLC lifted its position in shares of Rumble by 177.8% in the 4th 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 position in shares of Rumble in the 3rd quarter valued at about $1,346,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Rumble by 413.8% in the 4th quarter. Janus Henderson Group PLC now owns 176,447 shares of the company’s stock valued at $1,115,000 after buying an additional 142,107 shares during the period. 26.15% of the stock is currently owned by institutional investors.

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.