Evernest Financial Advisors LLC Purchases 13,870 Shares of Red Violet, Inc. $RDVT

Evernest Financial Advisors LLC increased its position in Red Violet, Inc. (NASDAQ:RDVT) by 49.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,870 shares of the company’s stock after buying an additional 13,870 shares during the period. Evernest Financial Advisors LLC’s holdings in Red Violet were worth $1,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming lifted its stake in Red Violet by 5.4% in the fourth quarter. State of Wyoming now owns 5,430 shares of the company’s stock valued at $309,000 after acquiring an additional 279 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Red Violet by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,586 shares of the company’s stock worth $248,000 after purchasing an additional 312 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Red Violet by 145.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock worth $32,000 after purchasing an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Red Violet by 4.9% during the 4th quarter. Deutsche Bank AG now owns 9,116 shares of the company’s stock valued at $519,000 after purchasing an additional 426 shares in the last quarter. Institutional investors own 63.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RDVT shares. Zacks Research lowered shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Red Violet in a report on Friday, May 8th. Finally, Wall Street Zen raised Red Violet from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Red Violet currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Insiders Place Their Bets

In other Red Violet news, CEO Derek Dubner sold 12,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total transaction of $689,160.00. Following the completion of the sale, the chief executive officer directly owned 557,273 shares of the company’s stock, valued at approximately $32,004,188.39. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Alan Dell sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $57.44, for a total transaction of $574,400.00. Following the transaction, the insider owned 155,889 shares in the company, valued at approximately $8,954,264.16. The trade was a 6.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,000 shares of company stock worth $2,641,880 over the last ninety days. Company insiders own 8.90% of the company’s stock.

Red Violet Stock Up 1.3%

NASDAQ RDVT opened at $68.45 on Tuesday. Red Violet, Inc. has a twelve month low of $33.40 and a twelve month high of $69.59. The stock has a market cap of $965.83 million, a P/E ratio of 71.30 and a beta of 1.83. The company’s 50-day simple moving average is $55.28 and its 200 day simple moving average is $47.68.

Red Violet (NASDAQ:RDVT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.14. Red Violet had a return on equity of 14.30% and a net margin of 14.99%.The firm had revenue of $25.83 million during the quarter, compared to analyst estimates of $24.63 million. Research analysts anticipate that Red Violet, Inc. will post 1.06 earnings per share for the current year.

About Red Violet

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.