Key Points
- Major shareholder Jason Christopher Dorsett purchased 19,000 RTB shares at an average price of $10.36, investing $196,840 and increasing his ownership to 4,193,028 shares.
- RTB shares were reported up 5.2%, opening at $8.44, while the company posted a quarterly loss of $1.24 per share on $2.33 million in revenue and continued to show sharply negative profitability metrics.
- Analyst sentiment remains cautious: one analyst rates RTB “Hold” and another “Sell,” resulting in a consensus “Reduce” rating despite recent rating improvements.
RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) major shareholder Jason Christopher Dorsett acquired 19,000 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average cost of $10.36 per share, with a total value of $196,840.00. Following the purchase, the insider owned 4,193,028 shares in the company, valued at $43,439,770.08. The trade was a 0.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
RTB Digital, Inc. Common Stock Stock Up 5.2%
NASDAQ:RTB opened at $8.44 on Tuesday. RTB Digital, Inc. Common Stock has a one year low of $3.25 and a one year high of $20.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $118.24 million, a PE ratio of -1.33 and a beta of 2.14. The firm's 50 day simple moving average is $13.71 and its 200 day simple moving average is $9.53.
RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($1.24) earnings per share (EPS) for the quarter. The business 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%.
Analyst Upgrades and Downgrades
A number of research firms have commented on RTB. Weiss Ratings upgraded RTB Digital, Inc. Common Stock from a "sell (e)" rating to a "sell (e+)" rating in a research report on Wednesday, September 16th. Wall Street Zen raised 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 company. According to MarketBeat.com, RTB Digital, Inc. Common Stock currently has a consensus rating of "Reduce".
Get Our Latest Report on RTB Digital, Inc. Common Stock
RTB Digital, Inc. Common Stock Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
