RTB Digital, Inc. Common Stock (NASDAQ:RTB) Trading Up 3.7% – What’s Next?

RTB Digital, Inc. Common Stock (NASDAQ:RTB) was up 3.7% during mid-day trading on Monday . The company traded as high as $14.39 and last traded at $13.47. 38,559 shares were traded during mid-day trading, a decline of 30% from the average session volume of 55,017 shares. The stock had previously closed at $12.99.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings cut RTB Digital, Inc. Common Stock from a “sell (e+)” rating to a “sell (e)” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RTB Digital, Inc. Common Stock has a consensus rating of “Reduce”.

RTB Digital, Inc. Common Stock Trading Up 3.7%

The company has a market cap of $188.71 million, a price-to-earnings ratio of -2.12 and a beta of 2.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s fifty day moving average price is $15.39 and its 200-day moving average price is $9.16.

RTB Digital, Inc. Common Stock (NASDAQ:RTB) last released its quarterly earnings data on Friday, August 14th. The company reported ($1.24) earnings per share for the quarter. RTB Digital, Inc. Common Stock had a negative return on equity of 342.57% and a negative net margin of 216.56%.The firm had revenue of $2.33 million during the quarter.

Institutional Investors Weigh In On RTB Digital, Inc. Common Stock

Several large investors have recently made changes to their positions in RTB. NewEdge Advisors LLC raised its holdings in shares of 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 buying an additional 701,373 shares during the last quarter. Jane Street Group LLC acquired a new stake in RTB Digital, Inc. Common Stock in the 4th quarter valued at approximately $28,000. HRT Financial LP bought a new stake in RTB Digital, Inc. Common Stock during the 4th quarter valued at $25,000. Finally, Geode Capital Management LLC raised its stake in 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 valued at $40,000 after acquiring an additional 19,439 shares in the last quarter. Institutional investors and hedge funds own 17.37% of the company’s stock.

About RTB Digital, Inc. Common Stock

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.