Red Violet (NASDAQ:RDVT) Trading Down 1.1%

Red Violet, Inc. (NASDAQ:RDVT)’s share price traded down 1.1% during trading on Thursday . The company traded as low as $17.62 and last traded at $17.87. 33,877 shares were traded during trading, a decline of 16% from the average session volume of 40,298 shares. The stock had previously closed at $18.07.

Analyst Ratings Changes

Separately, B. Riley started coverage on Red Violet in a research note on Tuesday, March 26th. They issued a “buy” rating and a $25.00 price objective for the company.

Red Violet Price Performance

The firm has a 50 day moving average of $18.48 and a two-hundred day moving average of $19.18. The stock has a market cap of $249.47 million, a PE ratio of 19.01 and a beta of 1.14.

Red Violet (NASDAQ:RDVT) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $15.06 million for the quarter. Red Violet had a return on equity of 16.92% and a net margin of 22.47%. As a group, equities analysts anticipate that Red Violet, Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About Red Violet

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.