Stratos Wealth Partners LTD. has acquired 14,032 shares in Rumble Inc. (NASDAQ:RUM), as reported during the fourth quarter, with the position valued at around $183,000. This investment marks part of a broader trend as several hedge funds have been adjusting their stakes in Rumble. For instance, Geode Capital Management increased its position by 14.5%, now holding over 1 million shares valued at approximately $5.55 million, while other firms like MML Investors Services and Janus Henderson Group have also initiated or increased their investments in the company.

As of the latest reports, Rumble’s stock (NASDAQ:RUM) opened at $11.52, with its 52-week range fluctuating between $4.92 and $17.40. The company has an average market capitalization of $4.49 billion and a price-to-earnings ratio of -18.29.

Recently, Rumble disclosed its quarterly earnings, reporting a loss of $0.15 per share, which fell short of the consensus estimate of $0.13. Their revenue was $25.06 million, also below the expected $29.25 million. Analysts predict a continued negative earnings trend for the current fiscal year, forecasting an EPS of -0.62.

On the insider trading front, director Robert Arsov sold nearly 30,000 shares on December 2nd, while CFO Brandon Alexandroff sold over 6 million shares earlier in February, reducing their ownership stakes significantly. Corporate insiders collectively own 70.1% of Rumble’s shares.

Analyst opinion on Rumble varies, with Wedbush maintaining a "neutral" rating and a target price of $8, while Maxim Group has a "buy" rating with a target set at $20.

For more information on Rumble Inc., you can visit their NASDAQ profile.