Rumble (RUM) Projected to Post Quarterly Earnings on Wednesday

Rumble (NASDAQ:RUMGet Free Report) 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.

Check Out Our Latest Stock Report on Rumble

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

(Get Free Report)

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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Earnings History for Rumble (NASDAQ:RUM)

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