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Red Violet (RDVT) Gets a Buy from Lake Street

Tipranks - Thu Feb 5, 9:38AM CST

In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Red Violet, with a price target of $62.00.

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Martinuzzi covers the Technology sector, focusing on stocks such as Quantum, Par Technology, and Ooma. According to TipRanks, Martinuzzi has an average return of 11.5% and a 50.00% success rate on recommended stocks.

Red Violet has an analyst consensus of Moderate Buy, with a price target consensus of $68.50.

Based on Red Violet’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $23.08 million and a net profit of $4.21 million. In comparison, last year the company earned a revenue of $19.06 million and had a net profit of $1.72 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RDVT in relation to earlier this year.

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