Janus Henderson Group PLC Has $174,000 Stock Holdings in Rumble Inc. $RUM

Janus Henderson Group PLC trimmed its position in Rumble Inc. (NASDAQ:RUM) by 80.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,340 shares of the company’s stock after selling 142,107 shares during the quarter. Janus Henderson Group PLC’s holdings in Rumble were worth $174,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in Rumble by 136.7% during the first quarter. Royal Bank of Canada now owns 210,665 shares of the company’s stock worth $1,490,000 after purchasing an additional 121,650 shares during the period. AQR Capital Management LLC bought a new stake in Rumble in the first quarter valued at approximately $163,000. JPMorgan Chase & Co. raised its stake in Rumble by 24,888.7% in the second quarter. JPMorgan Chase & Co. now owns 37,483 shares of the company’s stock valued at $337,000 after buying an additional 37,333 shares during the period. Legal & General Group Plc lifted its position in shares of Rumble by 82.4% in the second quarter. Legal & General Group Plc now owns 91,844 shares of the company’s stock valued at $825,000 after buying an additional 41,490 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Rumble in the second quarter valued at approximately $1,041,000. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RUM shares. Wall Street Zen raised Rumble from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Rumble in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rumble currently has an average rating of “Sell”.

More Rumble News

Here are the key news stories impacting Rumble this week:

• Positive Sentiment: Rumble reported second-quarter revenue of $40.37 million, up 61% year over year and well above the approximately $31.23 million analyst estimate. The strong sales performance and record revenue are supporting the stock. Rumble Parent Reports Record Revenue, Closes AI Acquisition: What Investors Should Know
• Positive Sentiment: The company completed an AI acquisition, which could expand Rumble’s technology capabilities and create additional long-term growth opportunities. Rumble Parent Reports Record Revenue, Closes AI Acquisition: What Investors Should Know
• Positive Sentiment: Third-quarter revenue guidance of $87 million to $93 million brackets the consensus estimate of $88.7 million, indicating management expects continued momentum. Rumble surprises with Q2 sales
• Neutral Sentiment: Trading volume was substantially above average, suggesting heightened investor attention surrounding the earnings release. Shares were also above both their 50-day and 200-day moving averages.
• Neutral Sentiment: The reported short-interest data shows zero shares short and a zero-day short ratio, but the figures include an invalid “NaN” change and appear unreliable; therefore, they provide little usable signal for investors.
• Negative Sentiment: Rumble posted a quarterly loss of $0.28 per share, significantly worse than the consensus loss estimate of $0.10 and wider than the year-earlier loss. Another earnings summary reported a $0.15 loss, highlighting a discrepancy in the published figures that investors may scrutinize. Rumble quarterly earnings results

Rumble Stock Performance

Shares of RUM opened at $6.92 on Wednesday. Rumble Inc. has a 52 week low of $4.62 and a 52 week high of $10.54. The firm has a market cap of $3.02 billion, a P/E ratio of -11.73 and a beta of 1.14. The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $6.36.

Rumble (NASDAQ:RUM) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.18). The company had revenue of $40.37 million during the quarter, compared to the consensus estimate of $31.23 million. Rumble had a negative net margin of 134.60% and a negative return on equity of 46.53%. The firm’s revenue was up 61.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. As a group, equities analysts forecast that Rumble Inc. will post -0.22 earnings per share for the current year.

Rumble Company Profile

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.