Rumble (NASDAQ:RUM) Issues Quarterly Earnings Results

Rumble (NASDAQ:RUM) announced its quarterly earnings data on Tuesday. The company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($1.02), Briefing.com reports. The firm had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $29.74 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. Rumble’s revenue for the quarter was up 48.0% on a year-over-year basis. Rumble updated its Q1 2025 guidance to EPS.

Rumble Price Performance

Rumble stock traded up $0.02 during midday trading on Tuesday, reaching $8.03. 1,074,638 shares of the company traded hands, compared to its average volume of 3,099,465. Rumble has a 12 month low of $4.92 and a 12 month high of $17.38. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of -12.82 and a beta of 0.56. The business has a 50 day moving average of $10.52 and a two-hundred day moving average of $8.47.

Insider Buying and Selling at Rumble

In related news, CEO Christopher Pavlovski sold 354,849 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $2,661,367.50. Following the transaction, the chief executive officer now owns 522,927 shares of the company’s stock, valued at approximately $3,921,952.50. This trade represents a 40.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Claudio Ramolo sold 4,812,646 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $36,094,845.00. Following the sale, the insider now directly owns 14,283 shares of the company’s stock, valued at approximately $107,122.50. This represents a 99.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,104,017 shares of company stock worth $308,280,128. Insiders own 70.10% of the company’s stock.

Analysts Set New Price Targets

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

About Rumble

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.