Goldman Sachs Group Inc. Has $4.94 Million Stock Position in Red Violet, Inc. $RDVT

Goldman Sachs Group Inc. lowered its holdings in Red Violet, Inc. (NASDAQ:RDVT) by 12.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,500 shares of the company’s stock after selling 18,208 shares during the quarter. Goldman Sachs Group Inc. owned 0.94% of Red Violet worth $4,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its holdings in Red Violet by 54.4% in the 1st quarter. Voya Investment Management LLC now owns 10,520 shares of the company’s stock valued at $395,000 after buying an additional 3,707 shares during the last quarter. Rhumbline Advisers grew its holdings in Red Violet by 2.5% in the 1st quarter. Rhumbline Advisers now owns 16,304 shares of the company’s stock valued at $613,000 after buying an additional 393 shares during the last quarter. Strs Ohio acquired a new stake in Red Violet in the 1st quarter valued at approximately $323,000. Ellsworth Advisors LLC grew its holdings in Red Violet by 7.5% in the 1st quarter. Ellsworth Advisors LLC now owns 18,381 shares of the company’s stock valued at $691,000 after buying an additional 1,285 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Red Violet by 28.4% in the 1st quarter. Acadian Asset Management LLC now owns 38,990 shares of the company’s stock valued at $1,464,000 after buying an additional 8,624 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

Red Violet Price Performance

Shares of RDVT stock opened at $49.99 on Wednesday. The stock’s fifty day simple moving average is $46.42 and its 200 day simple moving average is $43.94. The firm has a market cap of $698.86 million, a price-to-earnings ratio of 83.32 and a beta of 1.72. Red Violet, Inc. has a one year low of $25.37 and a one year high of $54.19.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RDVT. Wall Street Zen raised Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Lake Street Capital began coverage on Red Violet in a report on Monday, August 4th. They issued a “buy” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $60.00.

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.