Red Violet, Inc. (NASDAQ:RDVT – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $77.00.
Several equities research analysts have issued reports on RDVT shares. Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Needham & Company LLC started coverage on shares of Red Violet in a report on Tuesday. They issued a “buy” rating on the stock. Zacks Research cut shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Lake Street Capital increased their price objective on Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th.
Check Out Our Latest Analysis on RDVT
Insider Transactions at Red Violet
Institutional Investors Weigh In On Red Violet
A number of institutional investors have recently made changes to their positions in RDVT. EverSource Wealth Advisors LLC lifted its holdings in shares of Red Violet by 414.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock worth $27,000 after acquiring an additional 377 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Red Violet by 145.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after buying an additional 336 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Red Violet by 160.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock valued at $51,000 after acquiring an additional 636 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Red Violet in the 4th quarter valued at about $103,000. Finally, Legal & General Group Plc purchased a new stake in Red Violet during the second quarter worth about $175,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.
Red Violet Stock Performance
Shares of Red Violet stock opened at $73.16 on Tuesday. The firm has a 50-day simple moving average of $66.75 and a two-hundred day simple moving average of $52.17. Red Violet has a fifty-two week low of $33.40 and a fifty-two week high of $74.82. The company has a market cap of $1.17 billion, a P/E ratio of 65.32 and a beta of 1.82.
Red Violet (NASDAQ:RDVT – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17. Red Violet had a return on equity of 16.12% and a net margin of 16.54%.The company had revenue of $26.72 million during the quarter, compared to analysts’ expectations of $25.62 million. Equities research analysts forecast that Red Violet will post 1.16 EPS for the current year.
About Red Violet
Red Violet, Inc (NASDAQ: RDVT) is a provider of advanced data, analytics and technology solutions designed to help organizations mitigate financial crime, fraud and security risks. The company’s cloud-native platform consolidates and enriches data from proprietary, public and third-party sources, applying artificial intelligence and machine learning to deliver insights across the risk-management lifecycle. Red Violet’s suite of services includes behavior-based transaction monitoring, automated watchlist and negative-news screening, enhanced due diligence and real-time geospatial threat intelligence.
Leveraging proprietary algorithms, Red Violet offers products that enable compliance teams to streamline anti-money laundering processes, improve fraud detection and respond swiftly to emerging threats.
Featured Stories
- Five stocks we like better than Red Violet
- 3 Space Stocks: Ready for Liftoff or Burning Up on Reentry?
- Space Race Meets Ground Reality for Tower REITs
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
Receive News & Ratings for Red Violet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Violet and related companies with MarketBeat.com's FREE daily email newsletter.
