Key Points
- Director William Paul Livek purchased 2,000 Red Violet shares at an average price of $71.49, investing $142,980 and increasing his direct ownership by 9.65% to 22,733 shares.
- Red Violet reported quarterly EPS of $0.50, beating the $0.33 analyst consensus, while revenue of $26.72 million also exceeded estimates of $25.62 million.
- Analysts maintain a “Moderate Buy” consensus with a $77 average price target; three analysts rate the stock Buy and one rates it Hold.
Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) Director William Paul Livek acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $71.49 per share, with a total value of $142,980.00. Following the completion of the acquisition, the director directly owned 22,733 shares in the company, valued at approximately $1,625,182.17. This represents a 9.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Red Violet Price Performance
RDVT opened at $72.00 on Friday. The stock's 50 day moving average price is $66.01 and its 200 day moving average price is $51.72. The stock has a market cap of $1.16 billion, a P/E ratio of 64.29 and a beta of 1.83. Red Violet, Inc. has a 12 month low of $33.40 and a 12 month high of $74.20.
Red Violet (NASDAQ:RDVT - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.50 earnings per share (EPS) 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 analyst estimates of $25.62 million. Equities analysts anticipate that Red Violet, Inc. will post 1.16 EPS for the current year.
Hedge Funds Weigh In On Red Violet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Red Violet by 414.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company's stock valued at $27,000 after purchasing an additional 377 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Red Violet by 145.5% in the fourth 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 lifted its holdings in shares of Red Violet by 160.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company's stock valued at $51,000 after buying an additional 636 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Red Violet in the fourth quarter valued at $103,000. Finally, Legal & General Group Plc boosted its stake in Red Violet by 143.5% during the second quarter. Legal & General Group Plc now owns 2,888 shares of the company's stock valued at $142,000 after buying an additional 1,702 shares in the last quarter. 63.56% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on RDVT. Lake Street Capital lifted their price objective on shares of Red Violet from $62.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. B. Riley Financial increased their target price on shares of Red Violet from $65.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. 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 upgraded shares of Red Violet from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Finally, Wall Street Zen upgraded shares of Red Violet from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.
Check Out Our Latest Report on Red Violet
Red Violet Company Profile
(
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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