Nuveen LLC Takes Position in Red Violet, Inc. $RDVT

Nuveen LLC acquired a new stake in shares of Red Violet, Inc. (NASDAQ:RDVT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,154 shares of the company’s stock, valued at approximately $1,885,000. Nuveen LLC owned about 0.36% of Red Violet as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Red Violet by 2.5% during the first quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock valued at $613,000 after purchasing an additional 393 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Red Violet by 206,650.0% during the first quarter. GAMMA Investing LLC now owns 4,135 shares of the company’s stock valued at $155,000 after purchasing an additional 4,133 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Red Violet by 3,125.0% during the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Red Violet by 80.7% during the fourth quarter. Deutsche Bank AG now owns 11,361 shares of the company’s stock valued at $411,000 after purchasing an additional 5,073 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Red Violet by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,274 shares of the company’s stock valued at $227,000 after purchasing an additional 259 shares during the last quarter. 63.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on RDVT shares. Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a report on Saturday. Lake Street Capital started coverage on shares of Red Violet in a report on Monday, August 4th. They set a “buy” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $60.00.

Red Violet Price Performance

RDVT opened at $50.24 on Friday. The firm has a market cap of $702.36 million, a P/E ratio of 83.73 and a beta of 1.82. Red Violet, Inc. has a 1-year low of $25.37 and a 1-year high of $52.24. The company has a 50 day simple moving average of $46.29 and a two-hundred day simple moving average of $43.15.

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.