RTB Digital, Inc. Common Stock (NASDAQ:RTB) Stock Price Down 1.5% - Time to Sell?

Key Points

• RTB Digital shares fell 1.5% to $16.74 in mid-day trading, with volume down 75% from the average session. The stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: one analyst rates the stock “Hold” and another rates it “Sell,” resulting in a consensus “Reduce” rating.
• The company reported a quarterly loss of $2.67 per share and revenue of $2.54 million, missing consensus expectations of $2.10 EPS and $25.30 million in revenue.

RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) shares traded down 1.5% during mid-day trading on Monday . The company traded as low as $15.29 and last traded at $16.74. Approximately 21,960 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 88,914 shares. The stock had previously closed at $17.00.

Analyst Ratings Changes

RTB has been the subject of a number of recent research reports. Weiss Ratings restated a "sell (e+)" rating on shares of RTB Digital, Inc. Common Stock in a research note on Tuesday, April 21st. Wall Street Zen raised shares of RTB Digital, Inc. Common Stock from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".

RTB Digital, Inc. Common Stock Stock Down 1.5%

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $228.00 million, a PE ratio of -0.58 and a beta of 2.17. The stock's fifty day simple moving average is $12.87 and its 200-day simple moving average is $8.26.

RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of $2.10 by ($4.77). The firm had revenue of $2.54 million for the quarter, compared to the consensus estimate of $25.30 million.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position 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 valued at $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 during the fourth quarter worth $25,000. Jane Street Group LLC purchased a new position in RTB Digital, Inc. Common Stock in the fourth quarter worth $28,000. Finally, NewEdge Advisors LLC boosted its position 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 last quarter. Hedge funds and other 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.

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