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

RTB Digital, Inc. Common Stock (NASDAQ:RTB) released its quarterly earnings results on Wednesday. The company reported ($2.67) EPS for the quarter, missing the consensus estimate of $2.10 by ($4.77), FiscalAI reports. The firm had revenue of $2.54 million during the quarter, compared to analyst estimates of $25.30 million.

RTB Digital, Inc. Common Stock Trading Down 5.1%

Shares of RTB traded down $0.32 during midday trading on Friday, hitting $5.98. 7,306 shares of the stock were exchanged, compared to its average volume of 221,157. RTB Digital, Inc. Common Stock has a 52-week low of $4.14 and a 52-week high of $81.55. The stock has a fifty day simple moving average of $5.88 and a 200 day simple moving average of $7.34. The firm has a market cap of $7.65 million, a P/E ratio of -0.16 and a beta of 2.72. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.11 and a current ratio of 1.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of 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 valued at $114,000 after purchasing an additional 701,373 shares during the period. Jane Street Group LLC purchased a new position in RTB Digital, Inc. Common Stock in the fourth quarter valued at $28,000. HRT Financial LP purchased a new position in RTB Digital, Inc. Common Stock in the fourth quarter valued at $25,000. Finally, Geode Capital Management LLC boosted its holdings in RTB Digital, Inc. Common Stock by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after purchasing an additional 19,439 shares during the period. 17.37% of the stock is currently owned by hedge funds and other 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.