Bryce Point Capital LLC Invests $171,000 in Rumble Inc. $RUM

Bryce Point Capital LLC bought a new stake in Rumble Inc. (NASDAQ:RUM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 19,067 shares of the company’s stock, valued at approximately $171,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its holdings in shares of Rumble by 28,571.4% during the first quarter. Golden State Wealth Management LLC now owns 4,014 shares of the company’s stock worth $28,000 after purchasing an additional 4,000 shares during the last quarter. CWM LLC boosted its stake in shares of Rumble by 104.3% during the first quarter. CWM LLC now owns 4,395 shares of the company’s stock worth $31,000 after buying an additional 2,244 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of Rumble by 8,900.0% during the first quarter. Raleigh Capital Management Inc. now owns 4,500 shares of the company’s stock worth $32,000 after buying an additional 4,450 shares during the last quarter. AlphaQuest LLC increased its position in Rumble by 711.8% in the 1st quarter. AlphaQuest LLC now owns 7,095 shares of the company’s stock valued at $50,000 after acquiring an additional 6,221 shares during the period. Finally, MAI Capital Management increased its position in Rumble by 110.4% in the 1st quarter. MAI Capital Management now owns 9,529 shares of the company’s stock valued at $67,000 after acquiring an additional 5,000 shares during the period. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RUM shares. Wall Street Zen cut Rumble from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rumble in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rumble presently has an average rating of “Hold” and an average target price of $14.00.

Rumble Trading Down 2.6%

Shares of RUM opened at $6.06 on Wednesday. The stock’s 50 day moving average is $7.37 and its two-hundred day moving average is $8.27. Rumble Inc. has a twelve month low of $5.25 and a twelve month high of $17.40. The firm has a market capitalization of $2.63 billion, a PE ratio of -4.24 and a beta of 0.69.

Rumble (NASDAQ:RUM) last posted its quarterly earnings results on Sunday, August 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Rumble had a negative net margin of 289.37% and a negative return on equity of 97.99%. The business had revenue of $25.09 million during the quarter, compared to analyst estimates of $26.78 million. Rumble’s quarterly revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Rumble Inc. will post -0.62 EPS for the current year.

Rumble Company Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming 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.