UBS Group AG Sells 230,887 Shares of Rumble Inc. $RUM

UBS Group AG trimmed its stake in shares of Rumble Inc. (NASDAQ:RUM) by 21.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 833,185 shares of the company’s stock after selling 230,887 shares during the quarter. UBS Group AG owned about 0.19% of Rumble worth $5,266,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in shares of Rumble during the 3rd quarter valued at $1,563,000. Monaco Asset Management SAM bought a new stake in shares of Rumble during the 3rd quarter valued at $724,000. Vanguard Group Inc. lifted its position in shares of Rumble by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,934,542 shares of the company’s stock valued at $64,686,000 after acquiring an additional 122,788 shares during the period. Rhumbline Advisers lifted its position in shares of Rumble by 15.5% during the 3rd quarter. Rhumbline Advisers now owns 133,839 shares of the company’s stock valued at $969,000 after acquiring an additional 17,923 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Rumble during the 3rd quarter valued at $72,000. 26.15% of the stock is currently owned by institutional investors.

Rumble Stock Performance

Rumble stock opened at $8.06 on Friday. Rumble Inc. has a 52 week low of $4.62 and a 52 week high of $10.99. The stock has a market capitalization of $3.51 billion, a P/E ratio of -18.74 and a beta of 1.02. The stock has a fifty day moving average of $6.18 and a 200-day moving average of $6.20.

Rumble (NASDAQ:RUM) last posted 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). Rumble had a negative return on equity of 42.47% and a negative net margin of 106.91%.The business had revenue of $27.07 million for the quarter, compared to analyst estimates of $27.09 million. During the same period last year, the firm posted ($1.15) EPS. Rumble’s quarterly revenue was down 10.3% on a year-over-year basis. On average, research analysts forecast that Rumble Inc. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RUM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Rumble from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rumble presently has an average rating of “Sell”.

About Rumble

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.