RTB Digital, Inc. Common Stock (NASDAQ:RTB) Shares Down 1.5% – Here’s Why

RTB Digital, Inc. Common Stock (NASDAQ:RTB)’s stock price fell 1.5% during mid-day trading on Monday . The company traded as low as $15.29 and last traded at $16.74. Approximately 21,960 shares changed hands during trading, a decline of 75% from the average daily volume of 88,914 shares. The stock had previously closed at $17.00.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RTB shares. Wall Street Zen raised shares of RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings restated a “sell (e+)” rating on shares of RTB Digital, Inc. Common Stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

RTB Digital, Inc. Common Stock Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The stock has a market cap of $226.36 million, a P/E ratio of -0.58 and a beta of 2.18. The firm’s 50-day moving average is $13.13 and its two-hundred day moving average is $8.34.

RTB Digital, Inc. Common Stock (NASDAQ:RTB) last posted its earnings results on Thursday, May 14th. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of $2.10 by ($4.77). The business had revenue of $2.54 million for the quarter, compared to the consensus estimate of $25.30 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in RTB Digital, Inc. Common Stock by 403,087.9% during the fourth quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after purchasing an additional 701,373 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of RTB Digital, Inc. Common Stock in the fourth quarter worth $28,000. HRT Financial LP acquired a new stake in shares of RTB Digital, Inc. Common Stock in the fourth quarter worth $25,000. Finally, Geode Capital Management LLC boosted its holdings in shares of RTB Digital, Inc. Common Stock by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after buying an additional 19,439 shares during the period. 17.37% of the stock is owned by institutional investors.

RTB Digital, Inc. Common Stock Company Profile

Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.