2 weeks Ago By ABMN Staff
Bank of New York Mellon Corp bought a new position in shares of Rumble Inc. ( NASDAQ:RUM – Free Report ) during the second quarter, HoldingsChannel reports. The institutional investor bought 11,886 shares of the company’s stock, valued at approximately $66,000.
A number of other institutional investors have also made changes to their positions in RUM. SG Americas Securities LLC acquired a new position in shares of Rumble during the second quarter worth $67,000. Coppell Advisory Solutions Corp.
acquired a new stake in Rumble in the first quarter valued at $81,000. LexAurum Advisors LLC acquired a new stake in Rumble in the first quarter valued at $81,000. Focus Financial Network Inc.
ADV acquired a new stake in Rumble in the fourth quarter valued at $101,000. Finally, Red Door Wealth Management LLC raised its holdings in Rumble by 129.6% in the second quarter.
Red Door Wealth Management LLC now owns 24,015 shares of the company’s stock valued at $133,000 after acquiring an additional 13,555 shares in the last quarter. 26.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Separately, Wedbush reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Rumble in a report on Tuesday, August 13th. Rumble Price Performance RUM opened at $5.
38 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of -8.
41 and a beta of 0.75. The firm’s fifty day moving average price is $5.
85 and its 200 day moving average price is $6.34. Rumble Inc.
has a 12-month low of $3.33 and a 12-month high of $9.20.
Rumble ( NASDAQ:RUM – Get Free Report ) last issued its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.
15) by ($0.03). The business had revenue of $22.
47 million for the quarter, compared to analyst estimates of $19.69 million. Rumble had a negative return on equity of 54.
31% and a negative net margin of 163.37%. On average, equities research analysts forecast that Rumble Inc.
will post -0.55 earnings per share for the current fiscal year. Insiders Place Their Bets In other Rumble news, Director Robert Arsov sold 27,500 shares of the stock in a transaction on Monday, July 1st.
The shares were sold at an average price of $5.61, for a total transaction of $154,275.00.
Following the sale, the director now directly owns 15,049,837 shares of the company’s stock, valued at $84,429,585.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Over the last three months, insiders have sold 195,000 shares of company stock valued at $1,118,325. Company insiders own 72.90% of the company’s stock.
About Rumble ( 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.
See Also Want to see what other hedge funds are holding RUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rumble Inc. ( NASDAQ:RUM – Free Report ).
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