RTB Digital, Inc. Common Stock (NASDAQ:RTB) Trading Up 3.7% - Time to Buy?

Key Points

• RTB shares rose 3.7% to $13.47 in mid-day trading, reaching as high as $14.39, though trading volume was 30% below the daily average.
• Analyst sentiment remains weak: one analyst rates the stock “Hold” and another “Sell,” producing a consensus “Reduce” rating.
• The company reported a $1.24 per-share loss on $2.33 million in quarterly revenue, alongside deeply negative net margin and return on equity, despite institutional investors owning 17.37% of shares.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RTB shares. Weiss Ratings cut RTB Digital, Inc. Common Stock from a "sell (e+)" rating to a "sell (e)" rating in a research note on Monday, August 24th. 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 research analyst has rated the stock with a Hold rating and one has issued 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 Stock Up 3.7%

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $188.71 million, a price-to-earnings ratio of -2.12 and a beta of 2.17. The stock has a 50 day moving average of $15.39 and a 200 day moving average of $9.16.

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

Hedge Funds Weigh In On RTB Digital, Inc. Common Stock

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in RTB Digital, Inc. Common Stock by 403,087.9% in the fourth quarter. NewEdge Advisors LLC now owns 701,547 shares of the company's stock worth $114,000 after purchasing an additional 701,373 shares during the period. Geode Capital Management LLC raised its holdings in shares of RTB Digital, Inc. Common Stock by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company's stock worth $40,000 after purchasing an additional 19,439 shares during the period. Jane Street Group LLC bought a new position in shares of RTB Digital, Inc. Common Stock in the 4th quarter worth about $28,000. Finally, HRT Financial LP bought a new position in shares of RTB Digital, Inc. Common Stock in the 4th quarter worth about $25,000. 17.37% of the stock is currently owned by institutional investors.

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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