Key Points
- 15,000 shares were sold by Red Violet President James Patrick Reilly across Nov 10–13 for roughly $868,000, with the Nov 11 sale (2,184 shares at $57.81) noted as a ~0.91% drop in his stake; he still owns 236,888 shares (~$13.7M).
- Red Violet beat quarterly estimates with EPS $0.39 vs. $0.32 and $23.08M revenue, and analysts have raised ratings/targets (consensus "Moderate Buy" and average target $62).
Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) insider Jeffrey Alan Dell sold 1,140 shares of the business's stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $56.95, for a total transaction of $64,923.00. Following the completion of the sale, the insider owned 155,934 shares in the company, valued at approximately $8,880,441.30. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Jeffrey Alan Dell also recently made the following trade(s):
- On Wednesday, November 12th, Jeffrey Alan Dell sold 2,733 shares of Red Violet stock. The shares were sold at an average price of $57.85, for a total transaction of $158,104.05.
- On Tuesday, November 11th, Jeffrey Alan Dell sold 1,456 shares of Red Violet stock. The shares were sold at an average price of $57.81, for a total value of $84,171.36.
- On Monday, November 10th, Jeffrey Alan Dell sold 4,671 shares of Red Violet stock. The shares were sold at an average price of $58.11, for a total value of $271,431.81.
Red Violet Stock Performance
Shares of RDVT stock traded up $0.48 on Friday, hitting $57.99. 31,786 shares of the stock traded hands, compared to its average volume of 97,642. Red Violet, Inc. has a twelve month low of $32.23 and a twelve month high of $64.14. The firm's 50-day moving average price is $52.56 and its two-hundred day moving average price is $48.52. The stock has a market capitalization of $810.05 million, a PE ratio of 75.31 and a beta of 1.76.
Red Violet (NASDAQ:RDVT - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $23.08 million for the quarter, compared to analyst estimates of $22.64 million. Red Violet had a net margin of 12.96% and a return on equity of 12.26%. On average, equities research analysts anticipate that Red Violet, Inc. will post 0.51 EPS for the current fiscal year.
Hedge Funds Weigh In On Red Violet
Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Red Violet by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company's stock valued at $248,000 after acquiring an additional 312 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Red Violet by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 39,407 shares of the company's stock worth $1,939,000 after buying an additional 332 shares during the period. Rhumbline Advisers grew its stake in shares of Red Violet by 2.5% in the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company's stock worth $613,000 after buying an additional 393 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Red Violet in the second quarter worth $25,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Red Violet by 12.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,486 shares of the company's stock valued at $221,000 after acquiring an additional 500 shares during the period. Institutional investors own 63.56% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on RDVT. Weiss Ratings raised shares of Red Violet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Lake Street Capital restated a "buy" rating and set a $62.00 price objective on shares of Red Violet in a research report on Thursday, November 6th. B. Riley upped their target price on shares of Red Violet from $52.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of Red Violet from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 9th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Red Violet currently has a consensus rating of "Buy" and a consensus target price of $62.00.
Read Our Latest Stock Report on RDVT
About Red Violet
(
Get Free Report)
Red Violet, Inc, a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk.
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