Red Violet (RDVT) Company Overview

The nation's first real estate association (established in 1858), and the 2nd largest local REALTOR® Association in the state of Maryland, contracts to make FOREWARN services available for its 5,000+ real estate professional members to promote proactive agent safety The nation's first real estate association (established in 1858), and the 2nd largest local REALTOR® Association in the state of Maryland, contracts to make FOREWARN services available for its 5,000+ real estate professional members to promote proactive agent safety

Red Violet (RDVT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Red Violet (RDVT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the Southwest IDEAS Investor Conference being held in Dallas on November 21, 2024. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will present and host investor meetings.

Red Violet (RDVT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-generation investigative solution, idiCORE™, and associated IDI products and services with ease and confidence through Carahsoft's GSA Schedule contract. This strategic alliance is a significant step in IDI's commitment to deliver innovative solutions and drive operational success and security for the public sector and the nation at large.

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-generation investigative solution, idiCORE™, and associated IDI products and services with ease and confidence through Carahsoft's GSA Schedule contract. This strategic alliance is a significant step in IDI's commitment to deliver innovative solutions and drive operational success and security for the public sector and the nation at large.

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC (“IDI”), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-generation investigative solution, idiCORE™, and associated IDI products and services with ease and confidence through Carahsoft's GSA Schedule contract. This strategic alliance is a significant step in IDI's commitment to deliver innovative solutions and drive operational success and security for the public sector and the nation at large.

Adjusted for one-time impacts, revenue growth accelerated year over year to 23% in Q2. The corresponding EBITDA margin achieved was 32% as the company leverages its largely fixed cost base. I raise my price target to $34 and believe that the company's move further upmarket will unlock even greater opportunities.