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

Red Violet, Inc. (NASDAQ:RDVT) Director William Paul Livek acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $71.49 per share, with a total value of $142,980.00. Following the acquisition, the director directly owned 22,733 shares of the company’s stock, valued at $1,625,182.17. This trade represents a 9.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Red Violet Stock Performance

RDVT stock opened at $73.30 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 65.45 and a beta of 1.83. The business’s 50-day moving average is $66.37 and its two-hundred day moving average is $51.87. Red Violet, Inc. has a fifty-two week low of $33.40 and a fifty-two week high of $74.82.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $25.62 million. Equities analysts predict that Red Violet, Inc. will post 1.16 earnings per share for the current year.

Institutional Trading of Red Violet

Several institutional investors have recently made changes to their positions in RDVT. EverSource Wealth Advisors LLC boosted its stake in Red Violet by 414.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock worth $27,000 after purchasing an additional 377 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Red Violet by 145.5% during the 4th 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 in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Red Violet by 160.6% during 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 last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Red Violet during the fourth quarter valued at approximately $103,000. Finally, Legal & General Group Plc lifted its holdings in shares of Red Violet by 143.5% in the second quarter. Legal & General Group Plc now owns 2,888 shares of the company’s stock worth $142,000 after buying an additional 1,702 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Analyst Ratings Changes

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

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.