Fintel reports that on July 17, 2024, Wedbush initiated coverage of Rumble (NasdaqGM:RUM) with a Neutral recommendation.
Analyst Price Forecast Suggests 13.92% Downside
As of November 27, 2023, the average one-year price target for Rumble is $6.12/share. The forecasts range from a low of $6.06 to a high of $6.30. The average price target represents a decrease of 13.92% from its latest reported closing price of $7.11 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rumble is 216MM, an increase of 166.07%. The projected annual non-GAAP EPS is 0.02.
What is the Fund Sentiment?
There are 205 funds or institutions reporting positions in Rumble. This is an increase of 15 owner(s) or 7.89% in the last quarter. Average portfolio weight of all funds dedicated to RUM is 0.11%, an increase of 41.60%. Total shares owned by institutions increased in the last three months by 1.49% to 25,883K shares. 
The put/call ratio of RUM is 0.27, indicating a bullish outlook.
What are Other Shareholders Doing?
Cantor Fitzgerald, L. P. holds 9,326K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 9,332K shares , representing a decrease of 0.06%. The firm increased its portfolio allocation in RUM by 119.98% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,068K shares representing 0.73% ownership of the company. In its prior filing, the firm reported owning 2,181K shares , representing a decrease of 5.46%. The firm increased its portfolio allocation in RUM by 55.57% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,577K shares representing 0.56% ownership of the company. In its prior filing, the firm reported owning 1,578K shares , representing a decrease of 0.08%. The firm increased its portfolio allocation in RUM by 65.67% over the last quarter.
Valiant Capital Management holds 1,365K shares representing 0.48% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 1,178K shares representing 0.42% ownership of the company. In its prior filing, the firm reported owning 1,160K shares , representing an increase of 1.49%. The firm increased its portfolio allocation in RUM by 71.74% over the last quarter.
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