Red Violet (NASDAQ:RDVT) Stock Price Down 1.8% - Should You Sell?

Key Points

• Shares fell 1.8% to $37.56 on Thursday with ~105,840 shares traded (about 22% below average); the stock trades under its 50‑day ($40.40) and 200‑day ($48.86) moving averages and has a market cap of ~$530M.
• Analysts hold a consensus Buy rating with a $62.00 price target, though recent notes were mixed (Weiss cut to Hold while Zacks upgraded to Strong‑Buy).
• Red Violet beat estimates last quarter — $0.21 EPS vs $0.15 est and $23.39M revenue vs $22.0M est — with a 14.6% net margin and analysts forecasting ~0.51 EPS for the year.

Shares of Red Violet, Inc. (NASDAQ:RDVT - Get Free Report) were down 1.8% on Thursday . The company traded as low as $36.35 and last traded at $37.56. Approximately 105,840 shares changed hands during trading, a decline of 22% from the average daily volume of 136,186 shares. The stock had previously closed at $38.24.

Analyst Ratings Changes

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

Red Violet Stock Down 1.8%

The stock has a market cap of $529.97 million, a PE ratio of 41.73 and a beta of 1.81. The firm has a fifty day moving average of $40.40 and a 200 day moving average of $48.86.

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

Hedge Funds Weigh In On Red Violet

Several hedge funds have recently added to or reduced their stakes in RDVT. Pembroke Management LTD grew its holdings in shares of Red Violet by 9.4% during the third quarter. Pembroke Management LTD now owns 251,272 shares of the company's stock worth $13,129,000 after purchasing an additional 21,550 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Red Violet during the second quarter worth about $1,775,000. Calamos Advisors LLC grew its holdings in shares of Red Violet by 72.6% during the third quarter. Calamos Advisors LLC now owns 72,103 shares of the company's stock worth $3,767,000 after purchasing an additional 30,338 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Red Violet by 227.0% during the third quarter. Principal Financial Group Inc. now owns 17,796 shares of the company's stock worth $930,000 after purchasing an additional 12,353 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in shares of Red Violet during the third quarter worth about $859,000. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

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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