Rumble Inc. (NASDAQ:RUM) Shares Acquired by Millennium Management LLC

Millennium Management LLC boosted its position in Rumble Inc. (NASDAQ:RUM - Free Report) by 287.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 781,747 shares of the company's stock after buying an additional 580,105 shares during the period. Millennium Management LLC owned approximately 0.20% of Rumble worth $10,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Rumble by 70.9% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company's stock valued at $26,000 after buying an additional 830 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Rumble by 50.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,933 shares of the company's stock valued at $38,000 after acquiring an additional 980 shares during the period. Bank of New York Mellon Corp lifted its holdings in Rumble by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 13,396 shares of the company's stock valued at $174,000 after acquiring an additional 1,510 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Rumble in the fourth quarter valued at approximately $35,000. Finally, Sigma Planning Corp lifted its holdings in Rumble by 17.8% in the fourth quarter. Sigma Planning Corp now owns 26,332 shares of the company's stock valued at $343,000 after acquiring an additional 3,985 shares during the period. Hedge funds and other institutional investors own 26.15% of the company's stock.

Rumble Price Performance

NASDAQ:RUM traded down $0.10 during trading hours on Thursday, reaching $9.30. The company had a trading volume of 343,710 shares, compared to its average volume of 2,955,937. Rumble Inc. has a 1-year low of $4.92 and a 1-year high of $17.40. The firm has a market cap of $4.04 billion, a PE ratio of -14.78 and a beta of 0.69. The business's 50 day moving average price is $8.23 and its 200-day moving average price is $9.32.

Rumble (NASDAQ:RUM - Get Free Report) last announced its quarterly earnings results 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). Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The company had revenue of $30.20 million during the quarter, compared to analyst estimates of $29.74 million. Rumble's revenue was up 48.0% compared to the same quarter last year. On average, analysts expect that Rumble Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush set a $8.00 price target on Rumble and gave the company a "neutral" rating in a report on Tuesday, April 15th.

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.