RTB Digital, Inc. Common Stock (NASDAQ:RTB) Announces Quarterly Earnings Results, Misses Expectations By $4.77 EPS

RTB Digital, Inc. Common Stock (NASDAQ:RTB) posted its earnings results on Wednesday. The company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($4.77), FiscalAI reports. The business had revenue of $2.54 million for the quarter, compared to analysts’ expectations of $25.30 million.

RTB Digital, Inc. Common Stock Price Performance

RTB Digital, Inc. Common Stock stock traded down $0.12 during trading hours on Friday, hitting $6.18. 5,056 shares of the company traded hands, compared to its average volume of 221,141. RTB Digital, Inc. Common Stock has a 1-year low of $4.14 and a 1-year high of $81.55. The firm has a market cap of $7.91 million, a P/E ratio of -0.17 and a beta of 2.72. The firm’s 50-day simple moving average is $5.88 and its two-hundred day simple moving average is $7.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.92.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of RTB Digital, Inc. Common Stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, RTB Digital, Inc. Common Stock currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. HRT Financial LP acquired a new stake in RTB Digital, Inc. Common Stock in the fourth quarter worth approximately $25,000. Jane Street Group LLC acquired a new position in shares of RTB Digital, Inc. Common Stock during the 4th quarter valued at $28,000. Geode Capital Management LLC raised its stake in shares of RTB Digital, Inc. Common Stock by 9.4% in 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 in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of RTB Digital, Inc. Common Stock by 403,087.9% in the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after buying an additional 701,373 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.