Red Violet, Inc. $RDVT Holdings Raised by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its position in shares of Red Violet, Inc. (NASDAQ:RDVT) by 273.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,729 shares of the company’s stock after acquiring an additional 15,912 shares during the period. Susquehanna International Group LLP’s holdings in Red Violet were worth $1,385,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Red Violet by 414.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 468 shares of the company’s stock valued at $27,000 after buying an additional 377 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Red Violet by 145.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 567 shares of the company’s stock valued at $32,000 after buying an additional 336 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Red Violet by 160.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,032 shares of the company’s stock worth $51,000 after acquiring an additional 636 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Red Violet during the fourth quarter worth about $103,000. Finally, Legal & General Group Plc bought a new position in Red Violet in the second quarter worth about $175,000. 63.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Red Violet news, Director William Paul Livek bought 2,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average price of $71.49 per share, with a total value of $142,980.00. Following the purchase, the director directly owned 22,733 shares of the company’s stock, valued at approximately $1,625,182.17. The trade was a 9.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 8.90% of the stock is owned by insiders.

Red Violet Price Performance

Red Violet stock opened at $73.30 on Monday. Red Violet, Inc. has a 52-week low of $33.40 and a 52-week high of $74.82. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 65.45 and a beta of 1.82. The firm has a 50-day moving average price of $66.37 and a two-hundred day moving average price of $51.95.

Red Violet (NASDAQ:RDVT) last released its quarterly earnings results on Monday, August 10th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.17. The company had revenue of $26.72 million for the quarter, compared to analysts’ expectations of $25.62 million. Red Violet had a return on equity of 16.12% and a net margin of 16.54%. Research analysts expect that Red Violet, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RDVT shares. Zacks Research downgraded Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Red Violet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Lake Street Capital raised their price target on Red Violet from $62.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Red Violet from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, B. Riley Financial upped their price objective on Red Violet from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.00.

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.