HighPoint Advisor Group LLC Has $82,000 Stake in Rumble Inc. $RUM

HighPoint Advisor Group LLC trimmed its position in shares of Rumble Inc. (NASDAQ:RUMFree Report) by 88.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,029 shares of the company’s stock after selling 100,050 shares during the period. HighPoint Advisor Group LLC’s holdings in Rumble were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Rumble by 1.4% during the third quarter. Vanguard Group Inc. now owns 8,934,542 shares of the company’s stock worth $64,686,000 after purchasing an additional 122,788 shares during the period. UBS Group AG raised its position in shares of Rumble by 4.6% during the third quarter. UBS Group AG now owns 1,064,072 shares of the company’s stock worth $7,704,000 after purchasing an additional 46,925 shares during the period. Bank of America Corp DE raised its position in Rumble by 0.4% in the 2nd quarter. Bank of America Corp DE now owns 637,500 shares of the company’s stock valued at $5,725,000 after buying an additional 2,678 shares during the last quarter. First Trust Advisors LP raised its position in Rumble by 45.0% in the 3rd quarter. First Trust Advisors LP now owns 222,372 shares of the company’s stock valued at $1,610,000 after buying an additional 68,986 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Rumble in the 3rd quarter valued at $1,563,000. 26.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings raised Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, April 27th. Wall Street Zen raised Rumble from a “strong sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rumble presently has an average rating of “Sell”.

View Our Latest Report on Rumble

Rumble Trading Down 11.9%

NASDAQ RUM opened at $7.20 on Friday. The firm has a market capitalization of $3.13 billion, a P/E ratio of -16.74 and a beta of 1.02. The business has a fifty day simple moving average of $6.00 and a 200 day simple moving average of $6.19. Rumble Inc. has a 12 month low of $4.62 and a 12 month high of $10.99.

Rumble (NASDAQ:RUMGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $27.09 million. Rumble had a negative net margin of 106.91% and a negative return on equity of 40.78%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.15) earnings per share. As a group, sell-side analysts predict that Rumble Inc. will post -0.32 EPS for the current fiscal year.

Rumble News Summary

Here are the key news stories impacting Rumble this week:

Rumble Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rumble (NASDAQ:RUM)

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