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FOREWARN to Provide Identity Verification Services to Mid Jersey Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-06-05 12:00
Core Insights - FOREWARN, LLC has partnered with the Mid Jersey Association of REALTORS (MJAR) to provide its services to over 6,800 real estate professionals in central New Jersey, focusing on enhancing agent safety [1][3] - The FOREWARN platform analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number, thereby increasing safety during property showings [2][5] - MJAR members will have access to FOREWARN services at no additional cost, promoting proactive safety measures for agents [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions specifically designed for real estate agents, aiming to ensure safer engagements and smarter interactions [5] - The company utilizes powerful analytics and a vast data repository to deliver identity intelligence, risk mitigation, and fraud detection solutions [6] Industry Context - The real estate industry often involves agents interacting with unfamiliar individuals in unpredictable environments, highlighting the need for tools like FOREWARN to minimize risks associated with fraud and harm [3]
Is Red Violet (RDVT) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2025-06-02 17:46
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Red Violet, Inc. (RDVT) is highlighted as a promising growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 276.8%, with a projected EPS growth of 29.3% this year, significantly outperforming the industry average of 15.4% [4] Group 2: Financial Metrics - Red Violet's year-over-year cash flow growth stands at 42%, well above the industry average of 9.9% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 47.4%, compared to the industry average of 8.6% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Red Violet, with the Zacks Consensus Estimate for the current year increasing by 21.7% over the past month [7] - The combination of a Growth Score of A and a Zacks Rank 2 positions Red Violet favorably for potential outperformance in the market [9]
Red Violet, Inc. (RDVT) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-06-02 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Red Violet, Inc. (RDVT) - Red Violet, Inc. currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Performance Metrics - RDVT shares have increased by 0.16% over the past week, while the Zacks Internet - Software and Services industry has declined by 0.54% during the same period [6]. - Over the past month, RDVT's price change is 22.23%, significantly outperforming the industry's 3.28% [6]. - In the last quarter, RDVT shares rose by 35.08%, and over the past year, they have gained 131.57%, compared to the S&P 500's -0.52% and 14.2% respectively [7]. Trading Volume - RDVT's average 20-day trading volume is 175,023 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - Recent earnings estimate revisions for RDVT show one upward revision for the full year, increasing the consensus estimate from $0.92 to $1.06 over the past 60 days [10]. - For the next fiscal year, there has been one upward revision with no downward revisions noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, RDVT is positioned as a promising momentum pick for investors [12].
red violet to Present at the East Coast IDEAS Investor Conference
Globenewswire· 2025-05-28 12:00
Company Overview - Red Violet, Inc. is a leading analytics and information solutions provider specializing in identity intelligence [2] - The company utilizes proprietary technologies and analytical capabilities to deliver solutions for identity verification, risk mitigation, due diligence, fraud detection, regulatory compliance, and customer acquisition [2] Upcoming Events - Red Violet will present at the East Coast IDEAS Investor Conference on June 11-12, 2025, in New York [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will lead the presentation and host investor meetings on June 11, 2025 [1] Technology and Solutions - The company's intelligent platform, CORE™, is designed for enterprises but is adaptable for organizations of all sizes, transforming massive datasets into actionable intelligence [2] - Red Violet's solutions are aimed at enabling frictionless commerce, ensuring safety, and reducing fraud-related expenses for society [2]
Red Violet (RDVT) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-05-16 17:46
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves navigating inherent risks and volatility [1] Group 1: Company Overview - Red Violet, Inc. (RDVT) is currently highlighted as a recommended growth stock based on the Zacks Growth Style Score system, which evaluates a company's growth prospects beyond traditional metrics [2] - The company has achieved a historical EPS growth rate of 276.8%, with projected EPS growth of 29.3% this year, significantly surpassing the industry average of 11.1% [4] Group 2: Financial Metrics - Red Violet's year-over-year cash flow growth stands at 42%, well above the industry average of 9.9%, indicating strong cash accumulation that supports new projects [5] - The company's annualized cash flow growth rate over the past 3-5 years is 47.4%, compared to the industry average of 8.6%, showcasing its robust financial health [6] Group 3: Earnings Estimates - The Zacks Consensus Estimate for Red Violet's current-year earnings has increased by 21.7% over the past month, reflecting positive earnings estimate revisions [8] - The combination of a Growth Score of A and a Zacks Rank of 2 positions Red Violet favorably for potential outperformance in the market [9][10]
Why Red Violet (RDVT) Might be Well Poised for a Surge
ZACKS· 2025-05-16 17:21
Core Viewpoint - Red Violet, Inc. (RDVT) shows a promising earnings outlook, with analysts raising their earnings estimates, which may positively impact the stock price [1][2]. Earnings Estimates - Analysts' optimism is reflected in the upward revisions of earnings estimates, indicating a strong correlation between these revisions and stock price movements [2]. - The current-quarter earnings estimate is projected at $0.28 per share, unchanged year-over-year, but has seen a 25% increase in consensus estimates over the last 30 days due to positive revisions [5]. - For the full year, the earnings estimate stands at $1.06 per share, representing a 29.27% increase from the previous year, with a favorable trend in estimate revisions [6]. Zacks Rank - Red Violet currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with outperformance [3][7]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [7]. Stock Performance - Red Violet shares have increased by 34% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [8].
Red Violet, Inc. (RDVT) Is Up 15.05% in One Week: What You Should Know
ZACKS· 2025-05-16 17:01
Company Overview - Red Violet, Inc. (RDVT) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [3] Price Performance - RDVT shares have increased by 15.05% over the past week, outperforming the Zacks Internet - Software and Services industry, which rose by 5.33% during the same period [5] - Over the past month, RDVT's price change is 33.96%, significantly higher than the industry's 14.18% performance [5] - In the last quarter, RDVT shares have risen by 22.24%, and over the past year, they have gained 141.25%, while the S&P 500 has moved -2.89% and 12.85%, respectively [6] Trading Volume - RDVT's average 20-day trading volume is 128,270 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for RDVT has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $0.92 to $1.06 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Considering the strong price performance, positive earnings outlook, and high momentum score, RDVT is positioned as a promising investment opportunity [11]
red violet to Present at the 25th Annual B. Riley Securities Investor Conference
GlobeNewswire News Room· 2025-05-13 12:00
BOCA RATON, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will present at the 25th Annual B. Riley Securities Investor Conference being held May 21-22, 2025 at The Ritz-Carlton, Marina del Ray. Derek Dubner, Chief Executive Officer, and Daniel MacLachlan, Chief Financial Officer, will present and host investor meetings on May 21, 2025. About red violet® At red violet, we build proprietary technologies a ...
Red Violet(RDVT) - 2025 Q1 - Quarterly Results
2025-05-08 20:30
Exhibit 99.1 red violet Announces First Quarter 2025 Financial Results Revenue Increases 26% to a Record $22.0 Million, Generating GAAP EPS of $0.24 BOCA RATON, Fla. – May 7, 2025 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended March 31, 2025. "We are extremely pleased to report another record-setting quarter, marking a strong start to 2025," stated Derek Dubner, red violet's CEO. "Our team continues to execut ...
FOREWARN to Provide Identity Verification Services to NEXUS Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-05-08 12:00
Core Insights - FOREWARN, LLC has partnered with NEXUS Association of REALTORS to provide its services to over 5,000 real estate professionals in New Jersey, focusing on enhancing agent safety [1][3] - The FOREWARN service offers real-time data analysis, allowing agents to verify identities, check criminal histories, and validate client information using just a phone number [2][5] - NEXUS members will have access to FOREWARN services at no additional cost, promoting proactive safety measures for real estate agents [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions for real estate agents, leveraging extensive data analytics to enhance safety and decision-making [1][5] - The company aims to ensure safer engagements and smarter interactions through innovative solutions that provide instant knowledge [5][6] - Red Violet, the parent company of FOREWARN, specializes in identity intelligence and risk mitigation technologies, serving various sectors including real estate [6]