Red Violet (RDVT) Soars 7.6%: Is Further Upside Left in the Stock?

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]