Rumble Inc. (NASDAQ:RUM – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.94, but opened at $6.71. Rumble shares last traded at $6.36, with a volume of 1,761,309 shares traded.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer reaffirmed a “market perform” rating on shares of Rumble in a research note on Thursday, March 28th.
Get Our Latest Stock Report on Rumble
Rumble Trading Up 10.6 %
Rumble (NASDAQ:RUM – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. Rumble had a negative net margin of 161.62% and a negative return on equity of 46.51%. The firm had revenue of $17.73 million during the quarter, compared to the consensus estimate of $18.27 million. During the same quarter in the previous year, the company posted ($0.10) EPS. As a group, equities analysts expect that Rumble Inc. will post -0.58 EPS for the current fiscal year.
Insider Buying and Selling at Rumble
In other Rumble news, Director Robert Arsov sold 35,000 shares of Rumble stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.85, for a total value of $239,750.00. Following the completion of the sale, the director now owns 15,208,902 shares in the company, valued at approximately $104,180,978.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 247,512 shares of company stock worth $1,547,680 in the last 90 days. 72.90% of the stock is owned by company insiders.
Institutional Trading of Rumble
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RUM. Signaturefd LLC purchased a new stake in Rumble in the 4th quarter valued at about $32,000. Principal Securities Inc. purchased a new stake in shares of Rumble during the 4th quarter worth about $32,000. Global Retirement Partners LLC grew its holdings in shares of Rumble by 1,100.0% during the 1st quarter. Global Retirement Partners LLC now owns 6,000 shares of the company’s stock worth $48,000 after purchasing an additional 5,500 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of Rumble by 1,270.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 6,850 shares of the company’s stock worth $55,000 after purchasing an additional 6,350 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Rumble during the 2nd quarter worth about $67,000. Hedge funds and other institutional investors 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.
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