Red Violet, Inc. (NASDAQ:RDVT) Expected to Earn Q1 2024 Earnings of $0.06 Per Share

Red Violet, Inc. (NASDAQ:RDVT) – Equities researchers at B. Riley issued their Q1 2024 earnings per share estimates for Red Violet in a note issued to investors on Monday, March 25th. B. Riley analyst J. Nichols anticipates that the company will earn $0.06 per share for the quarter. B. Riley currently has a “Buy” rating and a $25.00 target price on the stock. B. Riley also issued estimates for Red Violet’s Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at $0.19 EPS and FY2025 earnings at $0.34 EPS.

Red Violet Price Performance

Shares of NASDAQ:RDVT opened at $19.64 on Thursday. The firm has a market capitalization of $274.17 million, a PE ratio of 20.89 and a beta of 1.13. The business has a 50-day moving average of $18.26 and a two-hundred day moving average of $19.29. Red Violet has a 12 month low of $15.20 and a 12 month high of $23.30.

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

Institutional Investors Weigh In On Red Violet

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDVT. Royal Bank of Canada acquired a new stake in Red Violet during the first quarter worth about $28,000. BNP Paribas Arbitrage SA increased its stake in Red Violet by 10,472.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,903 shares of the company’s stock worth $36,000 after acquiring an additional 1,885 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Red Violet by 70.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,113 shares of the company’s stock worth $54,000 after acquiring an additional 1,289 shares during the last quarter. Barclays PLC grew its stake in shares of Red Violet by 542.0% in the fourth quarter. Barclays PLC now owns 2,613 shares of the company’s stock valued at $60,000 after buying an additional 2,206 shares in the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of Red Violet in the second quarter valued at about $68,000. 63.56% of the stock is currently owned by institutional investors and hedge funds.

Red Violet Company Profile

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.