Red Violet (NASDAQ:RDVT) Hits New 52-Week High – Time to Buy?

Red Violet, Inc. (NASDAQ:RDVT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $71.25 and last traded at $71.22, with a volume of 517005 shares traded. The stock had previously closed at $65.65.

Red Violet News Roundup

Here are the key news stories impacting Red Violet this week:

• Positive Sentiment: Red Violet reported Q2 revenue of approximately $26.7 million, ahead of the $25.6 million consensus estimate. Earnings per share were $0.50, substantially above the $0.33–$0.34 analyst expectations and up from $0.28 a year earlier. Red Violet Announces $26.7 Million Revenue for Q2 2026 with Strong Earnings Growth Red Violet Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: The quarterly performance included solid profitability, with reported net margins near 15% and return on equity above 14%. The earnings beat and year-over-year EPS growth provide a fundamental catalyst for the stock. Red Violet Reports Second Quarter 2026 Financial Results
• Positive Sentiment: An investor-letter discussion presented a bullish case for Red Violet, emphasizing the company’s resilience, management execution and improving investor recognition. This may have supported positive sentiment, although it is not a new company announcement. The Resilient Bull Case for Red Violet
• Neutral Sentiment: The Q2 earnings-call transcript provides additional management commentary, but the available report does not identify a separate guidance change or new material catalyst. Red Violet Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short interest was zero shares, unchanged from the prior period, indicating no meaningful short-covering catalyst. Shares are trading near their 52-week high and at an elevated price-to-earnings ratio, which could increase sensitivity to future earnings expectations.

Analysts Set New Price Targets

A number of research firms have issued reports on RDVT. Zacks Research lowered shares of Red Violet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Lake Street Capital lifted their price target on shares of Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley Financial boosted their price objective on shares of Red Violet from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Violet in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Red Violet from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Red Violet Trading Up 8.5%

The firm has a market capitalization of $1.01 billion, a PE ratio of 63.59 and a beta of 1.83. The firm has a 50-day moving average of $62.25 and a two-hundred day moving average of $49.61.

Red Violet (NASDAQ:RDVT) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.17. The firm had revenue of $26.72 million during the quarter, compared to the consensus estimate of $25.62 million. Red Violet had a return on equity of 16.48% and a net margin of 16.54%. Equities research analysts expect that Red Violet, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Red Violet

In other news, President James Patrick Reilly sold 12,000 shares of Red Violet stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.43, for a total value of $689,160.00. Following the transaction, the president directly owned 232,351 shares of the company’s stock, valued at $13,343,917.93. The trade was a 4.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey Alan Dell sold 10,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $57.44, for a total value of $574,400.00. Following the sale, the insider owned 155,889 shares of the company’s stock, valued at $8,954,264.16. The trade was a 6.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 46,000 shares of company stock valued at $2,641,880. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Red Violet

Several institutional investors have recently bought and sold shares of RDVT. BlackRock Inc. acquired a new position in shares of Red Violet during the 2nd quarter valued at $60,582,000. Royal Bank of Canada increased its holdings in Red Violet by 247.4% in the 4th quarter. Royal Bank of Canada now owns 282,480 shares of the company’s stock valued at $16,088,000 after purchasing an additional 201,169 shares in the last quarter. Wasatch Advisors LP increased its holdings in Red Violet by 13.8% in the 1st quarter. Wasatch Advisors LP now owns 911,636 shares of the company’s stock valued at $31,543,000 after purchasing an additional 110,421 shares in the last quarter. AQR Capital Management LLC purchased a new position in Red Violet in the first quarter valued at about $3,826,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Red Violet by 581.8% during the first quarter. Renaissance Technologies LLC now owns 113,450 shares of the company’s stock worth $3,925,000 after purchasing an additional 96,810 shares in the last quarter. 63.56% of the stock is currently owned by hedge funds and other institutional investors.

About Red Violet

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.