Rumble (NASDAQ:RUM) Shares Down 3%

Rumble Inc. (NASDAQ:RUM) shares traded down 3% during mid-day trading on Tuesday . The stock traded as low as $5.59 and last traded at $5.59. 107,758 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 4,024,714 shares. The stock had previously closed at $5.76.

Analyst Ratings Changes

Separately, Oppenheimer restated a “market perform” rating on shares of Rumble in a research report on Thursday, March 28th.

Rumble Trading Up 1.2 %

The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -8.98 and a beta of 0.77. The business’s 50 day moving average price is $6.36 and its two-hundred day moving average price is $6.30.

Rumble (NASDAQ:RUM) last issued its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The firm had revenue of $17.73 million for the quarter, compared to analyst estimates of $18.27 million. Rumble had a negative net margin of 161.62% and a negative return on equity of 46.51%. During the same quarter last year, the business posted ($0.10) earnings per share. Analysts expect that Rumble Inc. will post -0.58 EPS for the current year.

Insider Buying and Selling

In other Rumble news, Director Robert Arsov sold 27,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.61, for a total value of $154,275.00. Following the completion of the transaction, the director now directly owns 15,049,837 shares in the company, valued at $84,429,585.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Rumble news, Director Robert Arsov sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $5.61, for a total value of $154,275.00. Following the completion of the transaction, the director now directly owns 15,049,837 shares in the company, valued at approximately $84,429,585.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David O. Sacks sold 133,896 shares of Rumble stock in a transaction on Monday, April 8th. The stock was sold at an average price of $6.45, for a total transaction of $863,629.20. Following the transaction, the director now owns 3,390 shares in the company, valued at approximately $21,865.50. The disclosure for this sale can be found here. Insiders have sold 353,908 shares of company stock worth $2,257,585 in the last 90 days. Insiders own 72.90% of the company’s stock.

Institutional Investors Weigh In On Rumble

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in shares of Rumble by 1,100.0% in the first quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock worth $48,000 after acquiring an additional 5,500 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of Rumble by 1,270.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock valued at $55,000 after purchasing an additional 6,350 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Rumble in the 4th quarter valued at $32,000. Signaturefd LLC acquired a new stake in shares of Rumble during the fourth quarter worth $32,000. Finally, LexAurum Advisors LLC bought a new position in Rumble during the first quarter worth $81,000. Institutional investors and hedge funds own 26.15% of the company’s stock.

Rumble Company 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.