Red Violet (NASDAQ:RDVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Red Violet (NASDAQ:RDVT) from a hold rating to a buy rating in a report issued on Saturday.

Separately, Lake Street Capital began coverage on Red Violet in a report on Monday, August 4th. They issued a “buy” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $60.00.

Red Violet Price Performance

Shares of NASDAQ:RDVT opened at $50.24 on Friday. Red Violet has a 12 month low of $25.37 and a 12 month high of $52.24. The firm has a market capitalization of $702.36 million, a PE ratio of 83.73 and a beta of 1.72. The business has a 50-day moving average of $46.32 and a two-hundred day moving average of $43.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in Red Violet by 2.5% during the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock worth $613,000 after buying an additional 393 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Red Violet by 206,650.0% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock worth $155,000 after buying an additional 4,133 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Red Violet by 3,125.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 1,000 shares during the last quarter. Deutsche Bank AG lifted its holdings in Red Violet by 80.7% during the 4th quarter. Deutsche Bank AG now owns 11,361 shares of the company’s stock worth $411,000 after buying an additional 5,073 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Red Violet by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock worth $227,000 after buying an additional 259 shares during the last quarter. Institutional investors own 63.56% of the company’s stock.

Red Violet Company Profile

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.