B. Riley Begins Coverage on Red Violet (NASDAQ:RDVT)

Research analysts at B. Riley began coverage on shares of Red Violet (NASDAQ:RDVTGet Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $25.00 price target on the stock. B. Riley’s price objective points to a potential upside of 27.29% from the stock’s current price.

Red Violet Trading Up 6.2 %

RDVT opened at $19.64 on Tuesday. Red Violet has a twelve month low of $15.20 and a twelve month high of $23.30. The stock has a market cap of $274.17 million, a PE ratio of 20.89 and a beta of 1.13. The business’s 50 day moving average is $18.26 and its 200-day moving average is $19.29.

Red Violet (NASDAQ:RDVTGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.06) EPS for the quarter. Red Violet had a return on equity of 16.92% and a net margin of 22.47%. The firm had revenue of $15.06 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in Red Violet by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 35,375 shares of the company’s stock worth $613,000 after purchasing an additional 458 shares in the last quarter. JPMorgan Chase & Co. grew its position in Red Violet by 7.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,715 shares of the company’s stock worth $155,000 after purchasing an additional 460 shares in the last quarter. Kennedy Capital Management LLC grew its position in Red Violet by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 22,921 shares of the company’s stock worth $459,000 after purchasing an additional 538 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Red Violet by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,540 shares of the company’s stock worth $634,000 after purchasing an additional 645 shares in the last quarter. Finally, State Street Corp grew its position in Red Violet by 0.6% during the 1st quarter. State Street Corp now owns 126,142 shares of the company’s stock worth $2,220,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

About Red Violet

(Get Free Report)

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.

Further Reading

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