Stock Traders Purchase High Volume of Rumble Call Options (NASDAQ:RUM)

Rumble Inc. (NASDAQ:RUMGet Free Report) saw some unusual options trading on Monday. Traders acquired 26,467 call options on the company. This is an increase of approximately 322% compared to the typical daily volume of 6,269 call options.

Institutional Trading of Rumble

A number of large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. increased its position in shares of Rumble by 26.5% in the 4th quarter. Cantor Fitzgerald L. P. now owns 9,326,205 shares of the company’s stock valued at $58,942,000 after buying an additional 1,951,768 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Rumble by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,934,542 shares of the company’s stock valued at $64,686,000 after buying an additional 122,788 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Rumble by 54.1% in the 1st quarter. Cooper Creek Partners Management LLC now owns 5,242,497 shares of the company’s stock valued at $26,737,000 after buying an additional 1,840,893 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Rumble by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,821,230 shares of the company’s stock valued at $17,834,000 after buying an additional 78,303 shares in the last quarter. Finally, UBS Group AG increased its holdings in Rumble by 4.6% during the 3rd quarter. UBS Group AG now owns 1,064,072 shares of the company’s stock worth $7,704,000 after purchasing an additional 46,925 shares in the last quarter. Institutional investors own 26.15% of the company’s stock.

Rumble Stock Up 4.2%

RUM stock opened at $7.50 on Tuesday. The business’s fifty day moving average is $6.04 and its 200-day moving average is $6.18. The company has a market cap of $3.26 billion, a P/E ratio of -17.44 and a beta of 1.02. Rumble has a twelve month low of $4.62 and a twelve month high of $10.99.

Rumble (NASDAQ:RUMGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Rumble had a negative net margin of 106.91% and a negative return on equity of 42.47%. The firm had revenue of $27.07 million during the quarter, compared to the consensus estimate of $27.09 million. During the same quarter in the prior year, the company earned ($1.15) EPS. Rumble’s quarterly revenue was down 10.3% on a year-over-year basis. Research analysts anticipate that Rumble will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RUM shares. Weiss Ratings raised Rumble from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, April 27th. Wall Street Zen raised Rumble from a “strong sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Get Our Latest Analysis on RUM

Rumble Company Profile

(Get Free Report)

Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company’s primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming.

In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage.

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