Rumble Target of Unusually Large Options Trading (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUM) was the recipient of some unusual options trading activity on Monday. Stock traders bought 26,143 call options on the stock. This represents an increase of approximately 182% compared to the average daily volume of 9,260 call options.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Rumble in a research note on Wednesday, November 13th.

Rumble Price Performance

NASDAQ RUM opened at $13.03 on Tuesday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of -20.68 and a beta of 0.81. The company’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $6.08. Rumble has a 12 month low of $3.33 and a 12 month high of $14.63.

Rumble (NASDAQ:RUM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $25.06 million for the quarter, compared to the consensus estimate of $29.25 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. During the same period last year, the company posted ($0.14) earnings per share. As a group, analysts anticipate that Rumble will post -0.62 EPS for the current year.

Insider Transactions at Rumble

In other Rumble news, Director Robert Arsov sold 27,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $5.24, for a total value of $144,100.00. Following the transaction, the director now directly owns 12,714,837 shares of the company’s stock, valued at approximately $66,625,745.88. The trade was a 0.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 169,988 shares of company stock worth $986,517. Company insiders own 72.90% of the company’s stock.

Institutional Trading of Rumble

Several institutional investors have recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new position in shares of Rumble in the second quarter worth about $30,000. Bank of New York Mellon Corp purchased a new position in Rumble during the 2nd quarter worth approximately $66,000. SG Americas Securities LLC acquired a new stake in Rumble during the 2nd quarter valued at $67,000. Virtu Financial LLC purchased a new stake in shares of Rumble in the third quarter valued at $70,000. Finally, Barclays PLC boosted its position in shares of Rumble by 663.9% in the third quarter. Barclays PLC now owns 13,559 shares of the company’s stock worth $72,000 after buying an additional 11,784 shares during the period. 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.