Lisanti Capital Growth LLC Makes New $1.67 Million Investment in Red Violet, Inc. $RDVT

Lisanti Capital Growth LLC purchased a new stake in Red Violet, Inc. (NASDAQ:RDVT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,090 shares of the company’s stock, valued at approximately $1,666,000. Lisanti Capital Growth LLC owned approximately 0.13% of Red Violet at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RDVT. Bank of America Corp DE acquired a new stake in shares of Red Violet in the 2nd quarter worth about $1,180,000. Bank of New York Mellon Corp acquired a new position in Red Violet during the 2nd quarter valued at about $2,323,000. Arrowstreet Capital Limited Partnership boosted its stake in Red Violet by 16.9% during the 1st 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 during the last quarter. Susquehanna International Group LLP boosted its stake in Red Violet by 273.5% during the 2nd quarter. Susquehanna International Group LLP now owns 21,729 shares of the company’s stock valued at $1,385,000 after purchasing an additional 15,912 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Red Violet during the 1st quarter worth approximately $526,000. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insiders Place Their Bets

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

Red Violet Price Performance

Shares of NASDAQ RDVT opened at $75.14 on Thursday. Red Violet, Inc. has a one year low of $33.40 and a one year high of $83.15. The business’s fifty day moving average price is $77.15 and its 200-day moving average price is $58.09. The stock has a market capitalization of $1.21 billion, a PE ratio of 63.68 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

RDVT has been the subject of several analyst reports. B. Riley Financial increased 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. Weiss Ratings lowered Red Violet from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. 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 research report on Thursday, November 5th. Zacks Research cut Red Violet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Raymond James Financial began coverage on Red Violet in a report on Thursday, September 17th. They set an “outperform” rating and a $90.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.