Centiva Capital LP Purchases Shares of 253,972 Rumble Inc. (NASDAQ:RUM)

Centiva Capital LP bought a new stake in Rumble Inc. (NASDAQ:RUM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 253,972 shares of the company's stock, valued at approximately $3,304,000. Centiva Capital LP owned approximately 0.07% of Rumble as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in RUM. Balyasny Asset Management L.P. acquired a new stake in Rumble in the fourth quarter worth about $3,966,000. Vanguard Group Inc. grew its position in shares of Rumble by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,972,575 shares of the company's stock worth $103,723,000 after buying an additional 229,294 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of Rumble during the fourth quarter worth approximately $2,540,000. Raymond James Financial Inc. acquired a new position in Rumble in the fourth quarter valued at approximately $468,000. Finally, Northern Trust Corp boosted its stake in Rumble by 17.9% in the fourth quarter. Northern Trust Corp now owns 213,582 shares of the company's stock valued at $2,779,000 after acquiring an additional 32,363 shares during the last quarter. 26.15% of the stock is owned by institutional investors.

Rumble Stock Performance

Rumble stock traded up $1.52 during midday trading on Friday, reaching $9.30. The stock had a trading volume of 10,396,182 shares, compared to its average volume of 3,131,625. The stock has a market capitalization of $4.04 billion, a P/E ratio of -14.76 and a beta of 0.69. The firm's fifty day simple moving average is $7.78 and its 200-day simple moving average is $8.99. Rumble Inc. has a 1-year low of $4.92 and a 1-year high of $17.40.

Rumble (NASDAQ:RUM - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($1.02). The business had revenue of $30.20 million during the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The company's revenue was up 48.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Rumble Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Maxim Group assumed coverage on Rumble in a research note on Wednesday, January 15th. They issued a "buy" rating and a $20.00 price target on the stock. Wedbush set a $8.00 price target on Rumble and gave the stock a "neutral" rating in a research report on Tuesday, April 15th.

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.