Rumble (NASDAQ:RUM) Stock Rating Reaffirmed by Oppenheimer

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

Rumble Stock Down 1.3 %

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

Institutional Trading of Rumble

Several hedge funds have recently modified their holdings of RUM. BlackRock Inc. increased its holdings in shares of Rumble by 430.6% during the first quarter. BlackRock Inc. now owns 1,541,934 shares of the company’s stock worth $15,419,000 after buying an additional 1,251,322 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Rumble in the third quarter valued at approximately $5,042,000. Geode Capital Management LLC increased its holdings in shares of Rumble by 543.5% in the first quarter. Geode Capital Management LLC now owns 900,101 shares of the company’s stock valued at $9,001,000 after purchasing an additional 760,223 shares in the last quarter. State Street Corp increased its holdings in shares of Rumble by 236.7% in the second quarter. State Street Corp now owns 946,213 shares of the company’s stock valued at $8,440,000 after purchasing an additional 665,213 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Rumble in the first quarter valued at approximately $5,040,000. 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.