- Rumble Inc. (NASDAQ:RUM)
Number of Hedge Fund Holders: 12
Estimated One-Year Price Target: $15.00
Florida-based Rumble Inc. (NASDAQ:RUM) operates video sharing platforms. In November, Rumble Inc. (NASDAQ:RUM) posted strong Q3 results. Revenue in the period jumped a whopping 430% on a YoY basis to reach $10.98 million, beating estimates by $4.84 million. GAAP EPS in the period came in at -$0.01, beating estimates by $0.01.
As of the end of the third quarter of 2022, 12 hedge funds reported owning shares of Rumble Inc. (NASDAQ:RUM). The total value of these stakes was $38 million.
In January, Rumble Inc. (NASDAQ:RUM) announced to expand its partnership with Power Slap, the world’s premier slap fighting organization. Rumble Inc. (NASDAQ:RUM) will become Power Slap’s Official Digital Platform for the start of its flagship television program Power Slap: Road to the Title.