Rumble (RUM) Projected to Post Quarterly Earnings on Wednesday

Rumble (NASDAQ:RUM) is expected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Rumble Trading Down 5.2 %

NASDAQ:RUM opened at $7.69 on Wednesday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -12.21 and a beta of 0.56. The firm’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $8.41. Rumble has a twelve month low of $4.92 and a twelve month high of $17.38.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on shares of Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 target price on the stock.

Insiders Place Their Bets

In other Rumble news, CFO Brandon Alexandroff sold 6,828,420 shares of the business’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 transaction, the chief financial officer now owns 64,210 shares in the company, valued at $481,575. The trade was a 99.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher Pavlovski sold 354,849 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the completion of the transaction, the chief executive officer now owns 522,927 shares in the company, valued at $3,921,952.50. This represents a 40.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,104,017 shares of company stock worth $308,280,128 in the last quarter. 70.10% of the stock is owned by corporate insiders.

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.