21,090 Shares in Red Violet, Inc. $RDVT Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,090 shares of the company’s stock, valued at approximately $1,666,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Red Violet during the second quarter worth $60,582,000. Ashford Capital Management Inc. boosted its holdings in shares of Red Violet by 13.9% in the first quarter. Ashford Capital Management Inc. now owns 686,816 shares of the company’s stock worth $23,764,000 after acquiring an additional 83,998 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Red Violet by 18.4% in the first quarter. Dimensional Fund Advisors LP now owns 206,698 shares of the company’s stock valued at $7,151,000 after purchasing an additional 32,189 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Red Violet by 16.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 164,818 shares of the company’s stock valued at $5,703,000 after purchasing an additional 23,816 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Red Violet by 581.8% in the first quarter. Renaissance Technologies LLC now owns 113,450 shares of the company’s stock valued at $3,925,000 after purchasing an additional 96,810 shares in the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Lake Street Capital boosted their price objective on Red Violet from $62.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Needham & Company LLC lifted their target price on Red Violet from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Weiss Ratings lowered Red Violet from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. B. Riley Financial upped their price target on Red Violet from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Red Violet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Red Violet Price Performance

Shares of Red Violet stock opened at $75.14 on Thursday. Red Violet, Inc. has a 1 year low of $33.40 and a 1 year high of $83.15. The firm has a market cap of $1.21 billion, a PE ratio of 63.68 and a beta of 1.73. The company has a 50 day simple moving average of $77.15 and a two-hundred day simple moving average of $58.09.

Red Violet (NASDAQ:RDVT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $27.75 million for the quarter, compared to analyst estimates of $27.22 million. Red Violet had a net margin of 16.98% and a return on equity of 13.34%. As a group, research analysts anticipate that Red Violet, Inc. will post 1.18 earnings per share for the current year.

Insider Activity

In related news, Director William Livek acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $71.49 per share, with a total value of $142,980.00. Following the acquisition, the director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Red Violet Profile

Red Violet, Inc. is a data analytics and identity intelligence company that develops software to help organizations identify people and assess risk. Its platform combines and analyzes information from a range of sources to support identity verification, fraud prevention, investigations and related decisions. The company’s products include idi, an identity intelligence platform for commercial and government users, and FOREWARN, a mobile application designed for real estate professionals to help verify identities and assess potential risks.