Rumble (NASDAQ:RUM - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($1.02), Briefing.com reports. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $29.74 million. The firm's revenue for the quarter was up 48.0% on a year-over-year basis. Rumble updated its Q1 2025 guidance to EPS.
Rumble Trading Down 6.0 %
Shares of NASDAQ RUM traded down $0.46 during trading hours on Friday, hitting $7.24. 2,384,114 shares of the company traded hands, compared to its average volume of 3,054,230. The company's 50 day moving average price is $10.21 and its 200 day moving average price is $8.50. Rumble has a 12 month low of $4.92 and a 12 month high of $17.40. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -11.49 and a beta of 0.56.
Insider Buying and Selling
In related news, Director Ryan Milnes sold 24,978,210 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $187,336,575.00. Following the completion of the sale, the director now directly owns 57,290 shares of the company's stock, valued at approximately $429,675. This trade represents a 99.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brandon Alexandroff sold 6,828,420 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $51,213,150.00. Following the completion of the transaction, the chief financial officer now directly owns 64,210 shares in the company, valued at $481,575. This trade represents a 99.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,104,017 shares of company stock worth $308,280,128 over the last three months. 70.10% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on RUM shares. Maxim Group assumed coverage on shares of Rumble in a research note on Wednesday, January 15th. They set a "buy" rating and a $20.00 price target on the stock. Wedbush decreased their target price on shares of Rumble from $13.00 to $10.00 and set a "neutral" rating on the stock in a research report on Wednesday.
Check Out Our Latest Report on RUM
Rumble Company Profile
(
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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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