PFG Advisors boosted its stake in shares of Rumble Inc. (NASDAQ:RUM – Free Report) by 40.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,702 shares of the company’s stock after buying an additional 7,978 shares during the period. PFG Advisors’ holdings in Rumble were worth $277,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of RUM. Geode Capital Management LLC increased its holdings in shares of Rumble by 916.7% in the 4th quarter. Geode Capital Management LLC now owns 139,878 shares of the company’s stock valued at $832,000 after purchasing an additional 126,120 shares during the period. Platform Technology Partners acquired a new position in shares of Rumble in the 4th quarter valued at about $599,000. Commonwealth Equity Services LLC acquired a new position in shares of Rumble in the 3rd quarter valued at about $933,000. Horizon Kinetics Asset Management LLC bought a new stake in shares of Rumble in the 3rd quarter valued at approximately $852,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Rumble by 105.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 76,851 shares of the company’s stock valued at $457,000 after buying an additional 39,403 shares in the last quarter. Institutional investors and hedge funds own 5.60% of the company’s stock.
Wall Street Analyst Weigh In
Separately, DA Davidson lowered their price target on Rumble from $15.00 to $12.00 in a research note on Tuesday, May 16th.
Rumble Price Performance
Rumble (NASDAQ:RUM – Free Report) last announced its quarterly earnings results on Monday, May 15th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $17.62 million during the quarter, compared to analyst estimates of $19.11 million. Equities analysts expect that Rumble Inc. will post -0.51 earnings per share for the current year.
Rumble Profile
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.
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