36,768 Shares in Red Violet, Inc. $RDVT Acquired by Madrona Financial Services LLC

Key Points

• Madrona Financial Services LLC bought a new position of 36,768 shares of Red Violet (NASDAQ:RDVT) in Q4, valued at about $2.09 million and representing roughly 0.26% of the company.
• Analysts have a consensus rating of Buy with a consensus target price of $62.00 (one Strong Buy, two Buy, one Hold), with Zacks upgrading to strong-buy while some shops trimmed ratings.
• Red Violet recently beat quarterly estimates (EPS $0.21 vs $0.15; revenue $23.39M vs $22.0M) and is trading around $35.52 with a 52‑week range of $33.40–$64.14 and a market cap near $501M.

Madrona Financial Services LLC bought a new position in Red Violet, Inc. (NASDAQ:RDVT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,768 shares of the company's stock, valued at approximately $2,094,000. Madrona Financial Services LLC owned about 0.26% of Red Violet at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RDVT. AQR Capital Management LLC bought a new stake in Red Violet in the 1st quarter worth approximately $3,826,000. Wasatch Advisors LP lifted its position in Red Violet by 10.4% in the 3rd quarter. Wasatch Advisors LP now owns 888,857 shares of the company's stock worth $46,443,000 after buying an additional 83,831 shares during the last quarter. Millennium Management LLC lifted its position in Red Violet by 195.4% in the 3rd quarter. Millennium Management LLC now owns 99,273 shares of the company's stock worth $5,187,000 after buying an additional 65,666 shares during the last quarter. Marshall Wace LLP increased its stake in Red Violet by 60.9% in the 2nd quarter. Marshall Wace LLP now owns 152,738 shares of the company's stock worth $7,515,000 after purchasing an additional 57,809 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Red Violet by 123.5% in the 3rd quarter. Squarepoint Ops LLC now owns 80,623 shares of the company's stock worth $4,213,000 after purchasing an additional 44,549 shares during the period. Institutional investors own 63.56% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RDVT. Zacks Research raised Red Violet from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 16th. Weiss Ratings cut Red Violet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, February 9th. Finally, Wall Street Zen cut Red Violet from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Red Violet has a consensus rating of "Buy" and a consensus target price of $62.00.

Red Violet Stock Performance

RDVT opened at $35.52 on Friday. Red Violet, Inc. has a 52-week low of $33.40 and a 52-week high of $64.14. The stock has a market capitalization of $501.19 million, a PE ratio of 39.47 and a beta of 1.81. The stock's 50 day moving average price is $40.20 and its 200-day moving average price is $48.74.

Red Violet (NASDAQ:RDVT - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. Red Violet had a return on equity of 12.88% and a net margin of 14.57%.The firm had revenue of $23.39 million for the quarter, compared to analysts' expectations of $22.00 million. Research analysts forecast that Red Violet, Inc. will post 0.51 EPS for the current fiscal year.

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.

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