Key Points
- Red Violet insider Jeffrey Alan Dell sold 10,000 shares on June 1 at an average price of $57.44, totaling $574,400. After the sale, he still owned 155,889 shares, a 6.03% reduction in his position.
- RDVT shares were up 4.3% and opened at $59.30, near the stock’s 52-week high of $64.14. The company now has a market cap of $836.66 million and trades at a P/E ratio of 61.77.
- Red Violet recently beat earnings expectations, reporting Q1 EPS of $0.46 versus the $0.32 consensus estimate, with revenue of $25.83 million. Analysts currently have a consensus rating of “Moderate Buy” and an average target price of $62.00.
Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) insider Jeffrey Alan Dell sold 10,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $57.44, for a total value of $574,400.00. Following the transaction, the insider directly owned 155,889 shares in the company, valued at approximately $8,954,264.16. This represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Red Violet Stock Up 4.3%
RDVT stock opened at $59.30 on Tuesday. Red Violet, Inc. has a twelve month low of $33.40 and a twelve month high of $64.14. The firm has a market cap of $836.66 million, a price-to-earnings ratio of 61.77 and a beta of 1.71. The business's fifty day simple moving average is $42.30 and its two-hundred day simple moving average is $46.77.
Red Violet (NASDAQ:RDVT - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. Red Violet had a net margin of 14.99% and a return on equity of 14.30%. The business had revenue of $25.83 million for the quarter, compared to the consensus estimate of $24.63 million. Research analysts expect that Red Violet, Inc. will post 1.06 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Red Violet in a research note on Friday, May 8th. Wall Street Zen lowered shares of Red Violet from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Zacks Research lowered Red Violet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.
View Our Latest Stock Analysis on RDVT
Institutional Investors Weigh In On Red Violet
Institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. increased its position in shares of Red Violet by 13.9% in the first quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company's stock valued at $23,764,000 after buying an additional 83,998 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Red Violet during the first quarter worth $526,000. Renaissance Technologies LLC raised its position in Red Violet by 581.8% during the first quarter. Renaissance Technologies LLC now owns 113,450 shares of the company's stock worth $3,925,000 after acquiring an additional 96,810 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Red Violet by 16.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 164,818 shares of the company's stock worth $5,703,000 after acquiring an additional 23,816 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Red Violet by 18.4% during the first quarter. Dimensional Fund Advisors LP now owns 206,698 shares of the company's stock worth $7,151,000 after acquiring an additional 32,189 shares during the period. 63.56% of the stock is currently owned by institutional investors and hedge funds.
About Red Violet
(
Get 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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