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

RTB Digital, Inc. Common Stock (NASDAQ:RTB) fell 1.5% during trading on Monday . The company traded as low as $15.29 and last traded at $16.74. 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RTB shares. Wall Street Zen upgraded shares of RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RTB Digital, Inc. Common Stock in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RTB Digital, Inc. Common Stock has a consensus rating of “Reduce”.

RTB Digital, Inc. Common Stock Trading Down 1.5%

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 firm has a 50 day moving average of $12.87 and a 200 day moving average of $8.26. The firm has a market cap of $228.00 million, a PE ratio of -0.58 and a beta of 2.17.

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

Institutional Inflows and Outflows

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

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.