Should I buy or sell Red Violet stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Violet in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RDVT shares. View RDVT analyst ratings or view top-rated stocks .

What is Red Violet's stock price target for 2024?

1 Wall Street analysts have issued 12-month price objectives for Red Violet's shares. Their RDVT share price targets range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 39.9% from the stock's current price. View analysts price targets for RDVT or view top-rated stocks among Wall Street analysts .

How have RDVT shares performed in 2024?

Red Violet's stock was trading at $19.97 at the beginning of the year. Since then, RDVT stock has decreased by 10.5% and is now trading at $17.87. View the best growth stocks for 2024 here .

When is Red Violet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our RDVT earnings forecast .

How were Red Violet's earnings last quarter?

Red Violet, Inc. (NASDAQ:RDVT) announced its earnings results on Thursday, March, 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $15.06 million for the quarter. Red Violet had a trailing twelve-month return on equity of 16.92% and a net margin of 22.47%.

What other stocks do shareholders of Red Violet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Red Violet investors own include Fluent (FLNT) , (TECU) (TECU) , Cogent Biosciences (COGT) , ADDvantage Technologies Group (AEY) , AK Steel (AKS) , Cronos Group (CRON) , Frontline (FRO) , Alcoa (AA) , Corbus Pharmaceuticals (CRBP) and Dropcar (DCAR) .

Who are Red Violet's major shareholders?

Red Violet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (4.76%). Insiders that own company stock include Miami Jewish Federatio Greater, Peter Benz and William Paul Livek. View institutional ownership trends .

How do I buy shares of Red Violet?

Shares of RDVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:RDVT

Red Violet (RDVT) Stock Price, News & Analysis

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$17.87

-0.20 (-1.11%)

(As of 04/18/2024 ET)

Compare

Today's Range: $17.62
▼
$18.11
50-Day Range: $17.49
▼
$20.45
52-Week Range: $15.66
▼
$23.30

Volume: 33,877 shs
Average Volume: 88,317 shs
Market Capitalization: $249.47 million

P/E Ratio: 19.01
Dividend Yield: N/A
Price Target: $25.00

Get Red Violet alerts:

Red Violet MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 39.9% Upside
$25.00 Price Target
Short Interest: Bearish
6.77% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 78.95%
From $0.19 to $0.34 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Computer And Technology Sector

216th out of 583 stocks

Prepackaged Software Industry

62nd out of 201 stocks

3.5

Analyst's Opinion

Consensus Rating
Red Violet has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Red Violet has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.77% of the float of Red Violet has been sold short.
Short Interest Ratio / Days to Cover
Red Violet has a short interest ratio ("days to cover") of 16.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Red Violet has recently decreased by 1.85%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Red Violet does not currently pay a dividend.
Dividend Growth
Red Violet does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RDVT.

3.5

News and Social Media Coverage

News Sentiment
Red Violet has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Red Violet this week, compared to 1 article on an average week.
Search Interest
3 people have searched for RDVT on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Red Violet to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Red Violet insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.40% of the stock of Red Violet is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.56% of the stock of Red Violet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Red Violet are expected to grow by 78.95% in the coming year, from $0.19 to $0.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Red Violet is 19.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Red Violet is 19.01, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 217.23.
Price to Book Value per Share Ratio
Red Violet has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Red Violet Stock (NASDAQ:RDVT)

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. The company serves financial services, insurance, healthcare, retail, telecommunication companies, law enforcement and government agencies, collections, law, corporate security, and investigative firms. It markets its products and services through value-added distributors, resellers, and strategic partners; and trade shows and seminars, advertising, public relations, distribution of sales literature, and product specifications and ongoing communication with prospective customers, distributors, resellers, strategic partners, and installed base of current customers, as well as through direct sales. The company was incorporated in 2017 and is headquartered in Boca Raton, Florida.

RDVT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RDVT Stock News Headlines

April 19, 2024 | americanbankingnews.com

Red Violet (NASDAQ:RDVT) Trading Down 1.1%

April 11, 2024 | finance.yahoo.com

Does Red Violet (RDVT) Have a Pathway to Grow 10%+ Organically

April 19, 2024 | Paradigm Press (Ad)

AI “wealth window” is closing soon!

Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.

April 8, 2024 | finance.yahoo.com

At US$20.26, Is It Time To Put Red Violet, Inc. (NASDAQ:RDVT) On Your Watch List?

March 24, 2024 | finance.yahoo.com

Red Violet (NASDAQ:RDVT) Is Looking To Continue Growing Its Returns On Capital

March 12, 2024 | uk.investing.com

Red Violet Inc (RDVT)

March 12, 2024 | msn.com

Pokemon Scarlet and Violet Player One-Shots Tera Raid Blastoise Using Magikarp

March 11, 2024 | globenewswire.com

FOREWARN Partners with Austin Board of REALTORS®

April 19, 2024 | Paradigm Press (Ad)

AI “wealth window” is closing soon!

Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.

March 9, 2024 | seekingalpha.com

Red Violet, Inc. (RDVT) Q4 2023 Earnings Call Transcript

March 9, 2024 | finance.yahoo.com

Red Violet Full Year 2023 Earnings: EPS: US$0.97 (vs US$0.045 in FY 2022)

March 8, 2024 | finance.yahoo.com

Red Violet, Inc. (NASDAQ:RDVT) Q4 2023 Earnings Call Transcript

March 8, 2024 | finance.yahoo.com

Q4 2023 Red Violet Inc Earnings Call

March 7, 2024 | investorplace.com

RDVT Stock Earnings: Red Violet Reported Results for Q4 2023

March 7, 2024 | globenewswire.com

red violet Announces Fourth Quarter and Full Year 2023 Financial Results

March 7, 2024 | finance.yahoo.com

red violet Appoints Jonathan McDonald as Executive Vice President of Public Sector Division

February 26, 2024 | globenewswire.com

red violet to Announce Fourth Quarter and Full Year 2023 Financial Results on March 7, 2024

January 28, 2024 | finance.yahoo.com

Red Violet Insider Ups Holding By 4,802% During Year

January 9, 2024 | finance.yahoo.com

red violet Announces Appointment of Bill Livek to Board of Directors

December 22, 2023 | msn.com

Pokemon Scarlet and Violet's Epilogue Update Commits To Breaking Tradition

December 20, 2023 | msn.com

Red Violet OKs additional $5M stock buyback

December 20, 2023 | finance.yahoo.com

red violet Announces Additional $5 Million Share Repurchase Authorization

November 8, 2023 | finanznachrichten.de

Red Violet, Inc.: red violet Announces Third Quarter 2023 Financial Results

November 5, 2023 | finance.yahoo.com

Should Weakness in Red Violet, Inc.'s (NASDAQ:RDVT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

November 3, 2023 | finance.yahoo.com

red violet to Participate in the Southwest IDEAS Investor Conference

October 29, 2023 | msn.com

Pokemon Scarlet and Violet Announce New November Tera Raid Boss

October 27, 2023 | msn.com

A Guide To Violet Grey’s Very Luxurious Beauty Gifts

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:RDVT
CUSIP: N/A
CIK: 1720116
Web: www.redviolet.com
Phone: (561) 757-4000
Fax: N/A
Employees: 183
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.00
High Stock Price Target: $25.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +39.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.94
Trailing P/E Ratio: 19.01
Forward P/E Ratio: 94.05
P/E Growth: N/A
Net Income: $13.53 million
Net Margins: 22.47%
Pretax Margin: 6.38%
Return on Equity: 16.92%
Return on Assets: 15.88%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.26
Quick Ratio: 8.26

Sales & Book Value

Annual Sales: $60.20 million
Price / Sales: 4.14
Cash Flow: $0.86 per share
Price / Cash Flow: 20.67
Book Value: $6.18 per share
Price / Book: 2.89

Miscellaneous

Outstanding Shares: 13,960,000
Free Float: 12,512,000
Market Cap: $249.47 million
Optionable: Optionable
Beta: 1.14

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Key Executives

Mr. Derek Dubner (Age 52)
Chairman & CEO
Comp: $782.63k
Mr. James Patrick Reilly (Age 50)
President
Comp: $753.1k
Mr. Daniel MacLachlan (Age 45)
Chief Financial Officer
Comp: $753.1k
Mr. Angus Macnab
Chief Technology Officer
Mr. Jeffrey Alan Dell (Age 52)
Chief Information Officer
Camilo Ramirez
Director of Finance & Investor Relations
Mr. Joshua Weingard
Corporate Counsel & Corporate Secretary
Mr. Jonathan McDonald
Executive Vice President of Public Sector

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RDVT Stock Analysis - Frequently Asked Questions

Should I buy or sell Red Violet stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Red Violet in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RDVT shares.
View RDVT analyst ratings or view top-rated stocks.
What is Red Violet's stock price target for 2024?: 1 Wall Street analysts have issued 12-month price objectives for Red Violet's shares. Their RDVT share price targets range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for RDVT or view top-rated stocks among Wall Street analysts.
How have RDVT shares performed in 2024?: Red Violet's stock was trading at $19.97 at the beginning of the year. Since then, RDVT stock has decreased by 10.5% and is now trading at $17.87.
View the best growth stocks for 2024 here.
When is Red Violet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our RDVT earnings forecast.

How were Red Violet's earnings last quarter?: Red Violet, Inc. (NASDAQ:RDVT) announced its earnings results on Thursday, March, 7th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $15.06 million for the quarter. Red Violet had a trailing twelve-month return on equity of 16.92% and a net margin of 22.47%.
What other stocks do shareholders of Red Violet own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Red Violet investors own include Fluent (FLNT), (TECU) (TECU), Cogent Biosciences (COGT), ADDvantage Technologies Group (AEY), AK Steel (AKS), Cronos Group (CRON), Frontline (FRO), Alcoa (AA), Corbus Pharmaceuticals (CRBP) and Dropcar (DCAR).
Who are Red Violet's major shareholders?: Red Violet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (4.76%). Insiders that own company stock include Miami Jewish Federatio Greater, Peter Benz and William Paul Livek.
View institutional ownership trends.
How do I buy shares of Red Violet?: Shares of RDVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RDVT) was last updated on 4/19/2024 by MarketBeat.com Staff

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