Red Violet Inc’s shares reached a record $74.51 on Friday, extending a multi-month rally as the data analytics firm reported second-quarter results that exceeded market expectations.
The company’s adjusted earnings per share came in at $0.50, surpassing the $0.33 forecast by analysts. Revenue totaled $26.72 million, up 23% year-over-year and ahead of the $24.81 million projected. Red Violet also posted record adjusted EBITDA, cash flow and customer additions, according to the results.
Shares have climbed 47.39% over the past 12 months and 66% in the last six months, with the latest close at $74.58—just 1% below the 52-week high of $74.20. The stock holds a perfect Piotroski score of 9 and maintains an 85% gross profit margin, metrics cited by financial data platforms.
InvestingPro, which tracks the company, flagged the stock’s recent surge while noting that its valuation may be stretched at current levels. The platform provides over 1,400 Pro Research Reports, including one dedicated to Red Violet, alongside 15 exclusive insights on the firm.
Red Violet specializes in identity verification and data analytics solutions, serving sectors including financial services and healthcare. The company’s latest performance reflects strong operational execution and sustained demand for its services, analysts said.
