Vanguard Group Inc. Acquires 23,736 Shares of Red Violet, Inc. $RDVT

Vanguard Group Inc. lifted its holdings in Red Violet, Inc. (NASDAQ:RDVT – Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 956,443 shares of the company’s stock after purchasing an additional 23,736 shares during the period. Vanguard Group Inc. owned 0.07% of Red Violet worth $54,469,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Pembroke Management LTD grew its position in Red Violet by 9.4% during the third quarter. Pembroke Management LTD now owns 251,272 shares of the company’s stock worth $13,129,000 after buying an additional 21,550 shares in the last quarter. Sierra Summit Advisors LLC acquired a new stake in Red Violet during the third quarter worth about $859,000. Madrona Financial Services LLC acquired a new stake in Red Violet during the fourth quarter worth about $2,094,000. Principal Financial Group Inc. grew its position in Red Violet by 227.0% during the third quarter. Principal Financial Group Inc. now owns 17,796 shares of the company’s stock worth $930,000 after buying an additional 12,353 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Red Violet by 7.2% during the third quarter. Tudor Investment Corp ET AL now owns 70,100 shares of the company’s stock worth $3,663,000 after buying an additional 4,731 shares in the last quarter. 63.56% of the stock is owned by institutional investors and hedge funds.

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Red Violet Trading Up 3.4%

NASDAQ RDVT opened at $46.93 on Friday. The stock’s 50 day moving average is $39.99 and its two-hundred day moving average is $47.02. The company has a market capitalization of $662.18 million, a price-to-earnings ratio of 48.89 and a beta of 1.71. Red Violet, Inc. has a 1-year low of $33.40 and a 1-year high of $64.14.

Red Violet (NASDAQ:RDVT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The company had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Red Violet had a return on equity of 14.30% and a net margin of 14.99%. On average, analysts predict that Red Violet, Inc. will post 1.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RDVT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Violet in a research report on Friday, May 8th. Zacks Research downgraded Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded Red Violet from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Red Violet currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

View Our Latest Stock Report on Red Violet

Red Violet Profile

(Free Report)

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.

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