Red Violet(RDVT)

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FOREWARN to Provide Identity Verification Services to Greater Fort Worth Association of REALTORS® to Promote Agent Safety
Globenewswire· 2025-02-06 13:30
Core Insights - FOREWARN, LLC has partnered with the Greater Fort Worth Association of REALTORS® (GFWAR) to provide its services to over 4,000 real estate professionals in the Greater Fort Worth area, focusing on proactive agent safety [1][2][3] Company Overview - FOREWARN offers a platform that analyzes billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5] - The services provided by FOREWARN are available to GFWAR members at no additional cost, enhancing agent safety and confidence during property showings [2][3] Industry Context - The initiative reflects a growing emphasis on safety and fraud prevention within the real estate industry, as agents face various risks in their daily operations [3][5] - Suzanne Westrum, CEO of GFWAR, emphasized the importance of providing members with advanced resources like FOREWARN to address safety and fraud-related risks [3]
FOREWARN to Provide Identity Verification Services to Greater Baltimore Board of REALTORS® to Promote Agent Safety
Globenewswire· 2025-01-13 13:00
Core Insights - FOREWARN, LLC has partnered with the Greater Baltimore Board of REALTORS® to provide its services to over 5,000 real estate professionals in the Baltimore area, focusing on agent safety [1][2][3] - The FOREWARN service analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number, enhancing safety during property showings [2][5] - GBBR members will have access to FOREWARN services at no additional cost, reinforcing the association's commitment to member safety and risk mitigation [2][3] Company Overview - FOREWARN is a leading provider of real-time information solutions for real estate agents, leveraging powerful analytics and a vast data repository to ensure safer engagements and smarter interactions [5][6] - The technology developed by red violet, the parent company of FOREWARN, focuses on identity intelligence and risk mitigation, enabling organizations to operate with confidence [6]
Recent Price Trend in Red Violet (RDVT) is Your Friend, Here's Why
ZACKS· 2024-12-16 14:50
Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Red Violet, Inc. (RDVT) is highlighted as a suitable candidate that has shown a solid price increase of 28.8% over the past 12 weeks, indicating investor confidence [3]. - RDVT has also experienced a price increase of 14.4% over the last four weeks, confirming that the upward trend is still intact [4]. Group 2: Technical Indicators - RDVT is currently trading at 90.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. - The stock carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. Group 3: Analyst Recommendations - The Zacks Rank stock-rating system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [6]. - RDVT has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Opportunities - Besides RDVT, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [7]. - The article mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].
FOREWARN Partners with Bluegrass REALTORS®
Newsfilter· 2024-12-13 13:00
Core Insights - FOREWARN, LLC, a subsidiary of red violet, has partnered with Bluegrass REALTORS® to provide its real-time information solutions to over 4,000 members in Central and Southern Kentucky, enhancing real estate agent safety [1][3]. Company Overview - FOREWARN offers a service that analyzes billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5]. - The service is available online and through a mobile application, allowing agents to plan showings with greater confidence [2]. Service Details - The FOREWARN services will be provided to Bluegrass REALTORS® members at no additional cost, emphasizing the association's commitment to member safety and fraud prevention [3]. - Richard Gibbens, CEO of Bluegrass REALTORS®, highlighted the importance of streamlined identity verification in addressing safety and fraud concerns [3]. Additional Information - Other real estate agencies, agents, and appraisers can access more information about FOREWARN through its website [4]. - Red violet focuses on building proprietary technologies and analytical capabilities to deliver identity intelligence, which supports various applications including risk mitigation and fraud detection [6].
red violet Announces Special Cash Dividend Reflecting Operational Strength and Robust Cash Flow Generation
GlobeNewswire News Room· 2024-12-03 12:55
Core Insights - Red Violet, Inc. has declared a special cash dividend of $0.30 per share, amounting to approximately $4.2 million, payable on February 14, 2025, to shareholders of record as of January 31, 2025 [1][2] - The special dividend reflects the company's strong operational performance and financial resilience, allowing for ongoing investments in innovation and market expansion while enhancing shareholder returns [2][3] - The company has allocated $15.0 million to share buybacks, with $10.4 million already spent to repurchase 538,484 shares at an average price of $19.36 per share since May 2022 [4] Financial Performance - Red Violet's ability to generate significant cash flow has been highlighted as a key factor in funding investments and enhancing shareholder returns [2][3] - The company continues to build its cash position to record levels while maintaining a disciplined capital allocation strategy [2][4] Strategic Initiatives - The company is committed to investing in technology, infrastructure, security, and go-to-market capabilities to ensure long-term competitiveness and sustainability [4] - The CEO emphasized the importance of the special dividend as a commitment to delivering shareholder value while maintaining flexibility for strategic growth initiatives [3]
Red Violet (RDVT) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-11-28 14:51
Core Insights - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that confirming sound fundamentals and positive earnings estimates is crucial for maintaining momentum in stocks [1][4]. Group 1: Trend Analysis - The "Recent Price Strength" screen is a useful tool for investors to identify stocks that are currently trending upwards, supported by strong fundamentals and trading near their 52-week high [2]. - Red Violet, Inc. (RDVT) has shown a solid price increase of 28% over the past 12 weeks, indicating strong investor interest [3]. - RDVT has also experienced a price increase of 21.4% over the last four weeks, suggesting that the upward trend is still intact [4]. Group 2: Fundamental Strength - RDVT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for short-term price movements [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that RDVT's price trend is unlikely to reverse soon, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [7]. - It also mentions the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [8].
Red Violet Q3 Earnings: Margin Growth Leaves Room For Further Upside
Seeking Alpha· 2024-11-20 14:45
Shares of Red Violet (NASDAQ: RDVT ) have doubled since my initial bullish recommendation in May. I have since remained positive on the company even after its Q2 results as my thesis remained on track. While Q3An individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my y ...
Red Violet (RDVT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2024-11-18 15:55
Core Viewpoint - Red Violet, Inc. (RDVT) has experienced a bearish trend recently, losing 6.7% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal due to increased buying interest and optimism among analysts regarding future earnings [1] Group 1: Technical Analysis - The hammer chart pattern indicates a potential bottoming out, suggesting that selling pressure may be exhausting, which could lead to a trend reversal [1][2] - A hammer pattern forms when a stock opens lower, makes a new low, but then closes near or above its opening price, signaling that bears may be losing control [2] Group 2: Fundamental Analysis - There has been a positive trend in earnings estimate revisions for RDVT, with the consensus EPS estimate increasing by 2% over the last 30 days, indicating bullish sentiment among analysts [3] - RDVT holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3] - The Zacks Rank serves as a timing indicator, suggesting that RDVT's prospects are improving, further supporting the potential for a turnaround [3]
Here's Why Momentum in Red Violet (RDVT) Should Keep going
ZACKS· 2024-11-12 14:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Red Violet(RDVT) - 2024 Q3 - Quarterly Results
2024-11-08 13:00
1 Exhibit 99.1 red violet Announces Third Quarter 2024 Financial Results Revenue Increases 20% to a Record $19.1 Million Producing a Record $7.2 Million of Cash Flow from Operations BOCA RATON, Fla. – November 6, 2024 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended September 30, 2024. "We are thrilled to report a record-breaking quarter for revenue, gross profit, and cash flow, which underscores the strength o ...