Key Points
- Major shareholder Jason Christopher Dorsett bought 11,000 RTB shares at an average price of $8.32, investing $91,520 and increasing his holdings to 4.20 million shares worth approximately $35.0 million.
- RTB shares opened at $9.84 and were reported up 3.0%, but the company continues to post weak fundamentals, including a quarterly loss of $1.24 per share, negative 216.56% net margin, and negative 342.57% return on equity.
- 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 11,000 shares of the business's stock in a transaction dated Monday, September 21st. The shares were acquired at an average price of $8.32 per share, with a total value of $91,520.00. Following the completion of the acquisition, the insider owned 4,204,028 shares of the company's stock, valued at approximately $34,977,512.96. The trade was a 0.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Jason Christopher Dorsett also recently made the following trade(s):
- On Thursday, September 17th, Jason Christopher Dorsett acquired 19,000 shares of RTB Digital, Inc. Common Stock stock. The stock was acquired at an average cost of $10.36 per share, with a total value of $196,840.00.
RTB Digital, Inc. Common Stock Trading Up 3.0%
Shares of RTB Digital, Inc. Common Stock stock opened at $9.84 on Thursday. RTB Digital, Inc. Common Stock has a 1 year low of $3.25 and a 1 year high of $20.75. The company's fifty day simple moving average is $13.45 and its 200-day simple moving average is $9.58. The company has a market cap of $137.86 million, a price-to-earnings ratio of -1.55 and a beta of 2.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.05.
RTB Digital, Inc. Common Stock (NASDAQ:RTB - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($1.24) earnings per share for the quarter. The company had revenue of $2.33 million during 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 Ratings Changes
A number of equities research analysts recently weighed in on RTB shares. Wall Street Zen raised RTB Digital, Inc. Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Weiss Ratings raised RTB Digital, Inc. Common Stock from a "sell (e)" rating to a "sell (e+)" rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTB Digital, Inc. Common Stock has a consensus rating of "Reduce".
View Our Latest Report on RTB Digital, Inc. Common Stock
About RTB Digital, Inc. Common Stock
(
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.
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