RTB Digital, Inc. Common Stock (NASDAQ:RTB) Major Shareholder Jason Christopher Dorsett Buys 19,000 Shares

Key Points

• Major shareholder Jason Christopher Dorsett bought 19,000 RTB shares at an average price of $10.36, investing $196,840 and increasing his direct ownership to 4,193,028 shares.
• RTB shares recently traded at $7.65, down $0.37 during the session, while the company reported a quarterly loss of $1.24 per share on $2.33 million in revenue.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold” and another “Sell,” resulting in a consensus rating of “Reduce.”

RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) major shareholder Jason Christopher Dorsett purchased 19,000 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were acquired at an average price of $10.36 per share, for a total transaction of $196,840.00. Following the purchase, the insider directly owned 4,193,028 shares in the company, valued at approximately $43,439,770.08. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

RTB Digital, Inc. Common Stock Stock Performance

Shares of RTB stock traded down $0.37 during mid-day trading on Monday, reaching $7.65. 77,750 shares of the company's stock traded hands, compared to its average volume of 181,332. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $107.16 million, a PE ratio of -1.20 and a beta of 2.14. RTB Digital, Inc. Common Stock has a 12 month low of $3.25 and a 12 month high of $20.75. The firm has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $9.50.

RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($1.24) EPS 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 company had revenue of $2.33 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of RTB Digital, Inc. Common Stock from a "sell (e)" rating to a "sell (e+)" rating in a report on Wednesday. Wall Street Zen raised shares of RTB Digital, Inc. Common Stock from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, RTB Digital, Inc. Common Stock has a consensus rating of "Reduce".

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.

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