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].

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 ...

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]

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, Inc. (RDVT) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.28, delivering a surprise of 47.37%.Over the last four quarters, the company ...

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the Southwest IDEAS Investor Conference being held in Dallas on November 21, 2024. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will present and host investor meetings.   About red violet®At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligen ...

Company Overview - Red Violet, Inc. (RDVT) shares increased by 7.6% to $30.97 in the last trading session, following a period of 5.1% loss over the past four weeks [1] - The company is experiencing growth due to increased transaction volumes and a broader customer base, particularly in law enforcement and financial services [1] Earnings and Revenue Expectations - Red Violet is projected to report quarterly earnings of $0.23 per share, reflecting a year-over-year decline of 73.6% [1] - Expected revenues for the upcoming quarter are $18.44 million, which represents a 16.4% increase compared to the same quarter last year [1] Market Trends and Stock Performance - The consensus EPS estimate for Red Violet has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings estimate revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Industry Context - Red Violet operates within the Zacks Internet - Software and Services industry, which includes other companies like Globant (GLOB) [2] - Globant's stock increased by 3.3% to $223.67, with a month-to-date return of 11.9% [2] - Globant's consensus EPS estimate has seen a slight decrease of 0.1% over the past month, with a year-over-year change of +10.8% [2]

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-gen ...

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-gen ...

Company Overview - Red Violet is an industry-leading identity intelligence solutions provider, offering scalable analytics, proprietary technology, and actionable insights[8] - The company serves over 8,450 customers as of Q2 2024 TTM (Trailing Twelve Months)[9] - Red Violet estimates a total addressable market (TAM) exceeding $10 billion[9] Financial Performance - Red Violet achieved 30% revenue growth in Q2 2024 TTM[9] - The company's Q2 2024 TTM adjusted EBITDA reached $21 million[9] - The adjusted EBITDA margin for Q2 2024 TTM was 30%[9] - The gross revenue retention rate for Q2 2024 was 94%[9] - Red Violet's adjusted gross margin for Q2 2024 was 82%[21] Growth and Strategy - Red Violet's revenue has grown at a compound annual growth rate (CAGR) of 38% from 2017 to 2023[41] - The company's adjusted EBITDA has grown at a CAGR of 71% from 2019 to 2023[43] - Red Violet's platform, CORE, unifies disparate data to provide actionable identity intelligence for various use cases, including fraud prevention and identity verification[18]