Red Violet (NASDAQ:RDVT) Director William Paul Livek Acquires 2,000 Shares of Stock

Red Violet, Inc. (NASDAQ:RDVT) Director William Paul Livek purchased 2,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price 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. The trade was a 9.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Red Violet Trading Up 3.6%

RDVT stock opened at $72.00 on Friday. The stock’s 50 day simple moving average is $66.01 and its 200 day simple moving average is $51.72. Red Violet, Inc. has a 12-month low of $33.40 and a 12-month high of $74.20. The firm has a market cap of $1.16 billion, a P/E ratio of 64.29 and a beta of 1.83.

Red Violet (NASDAQ:RDVT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17. Red Violet had a net margin of 16.54% and a return on equity of 16.12%. The firm had revenue of $26.72 million during the quarter, compared to the consensus estimate of $25.62 million. On average, research analysts forecast that Red Violet, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RDVT shares. Lake Street Capital lifted their price target on shares of Red Violet from $62.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Zacks Research lowered shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. B. Riley Financial raised their target price on shares of Red Violet from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Hedge Funds Weigh In On Red Violet

Several hedge funds and other institutional investors have recently modified their holdings of RDVT. EverSource Wealth Advisors LLC grew its position in shares of Red Violet by 414.3% during the fourth 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 increased 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 worth $32,000 after acquiring an additional 336 shares during the period. Tower Research Capital LLC TRC lifted its position in Red Violet by 160.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock valued at $51,000 after purchasing an additional 636 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Red Violet in the 4th quarter valued at about $103,000. Finally, Legal & General Group Plc boosted its stake in Red Violet by 143.5% during the 2nd quarter. Legal & General Group Plc now owns 2,888 shares of the company’s stock valued at $142,000 after purchasing an additional 1,702 shares during the period. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Company Profile

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.