Red Violet, Inc. $RDVT Stock Holdings Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in Red Violet, Inc. (NASDAQ:RDVT) by 28.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,990 shares of the company’s stock after buying an additional 8,624 shares during the period. Acadian Asset Management LLC owned approximately 0.28% of Red Violet worth $1,464,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Red Violet by 3,125.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 1,000 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Red Violet in the first quarter valued at $129,000. Quantbot Technologies LP raised its stake in Red Violet by 66.4% during the 1st quarter. Quantbot Technologies LP now owns 4,046 shares of the company’s stock valued at $152,000 after purchasing an additional 1,615 shares during the period. GAMMA Investing LLC raised its stake in Red Violet by 206,650.0% during the 1st 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 period. Finally, Magnetar Financial LLC acquired a new stake in Red Violet during the 1st quarter valued at $206,000. Institutional investors own 63.56% of the company’s stock.

Red Violet Stock Up 1.3%

Red Violet stock opened at $49.99 on Wednesday. The company’s fifty day simple moving average is $46.42 and its 200-day simple moving average is $43.94. Red Violet, Inc. has a 12 month low of $25.37 and a 12 month high of $54.19. The stock has a market cap of $698.86 million, a P/E ratio of 83.32 and a beta of 1.72.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Lake Street Capital assumed coverage on shares of Red Violet in a research note on Monday, August 4th. They set a “buy” rating and a $60.00 target price on the stock. Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $60.00.

Red Violet Company Profile

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.