Silver Oak Securities Incorporated Has $256,000 Position in Rumble Inc. (NASDAQ:RUM)

Silver Oak Securities Incorporated grew its position in Rumble Inc. (NASDAQ:RUM) by 10.6% in the first quarter, HoldingsChannel.com reports. The fund owned 35,339 shares of the company’s stock after buying an additional 3,400 shares during the period. Silver Oak Securities Incorporated’s holdings in Rumble were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in Rumble by 16.0% in the 4th quarter. Legal & General Group Plc now owns 50,354 shares of the company’s stock valued at $655,000 after purchasing an additional 6,937 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Rumble in the fourth quarter valued at approximately $468,000. Charles Schwab Investment Management Inc. lifted its position in shares of Rumble by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,793 shares of the company’s stock valued at $6,411,000 after buying an additional 14,476 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Rumble by 423.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,003 shares of the company’s stock valued at $104,000 after buying an additional 6,473 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Rumble by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company’s stock worth $174,000 after acquiring an additional 1,510 shares during the period. 26.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wedbush set a $8.00 price target on Rumble and gave the company a “neutral” rating in a research note on Tuesday, April 15th.

Rumble Stock Performance

NASDAQ RUM opened at $8.54 on Friday. The stock has a market cap of $3.71 billion, a PE ratio of -5.93 and a beta of 0.75. The firm has a 50-day moving average of $8.67 and a 200-day moving average of $9.59. Rumble Inc. has a 52-week low of $4.92 and a 52-week high of $17.40.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.02). Rumble had a negative return on equity of 117.60% and a negative net margin of 293.43%. The company had revenue of $30.20 million for the quarter, compared to analyst estimates of $29.74 million. The business’s revenue was up 48.0% compared to the same quarter last year. As a group, analysts predict that Rumble Inc. will post -0.62 EPS for the current fiscal year.

Rumble 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.