Needham Initiates Coverage of Red Violet (RDVT) with Buy Recommendation
Fintel reports that on September 1, 2026, Needham initiated coverage of Red Violet (NASDAQCM:RDVT) with a Buy recommendation.
Analyst Price Forecast Suggests 10.14% Upside
As of August 28, 2026, the average one-year price target for Red Violet is $80.58/share. The forecasts range from a low of $73.73 to a high of $89.25. The average price target represents an increase of 10.14% from its latest reported closing price of $73.16 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Red Violet is 104MM, an increase of 4.60%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 358 funds or institutions reporting positions in Red Violet. This is an increase of 11 owner(s) or 3.17% in the last quarter. Average portfolio weight of all funds dedicated to RDVT is 0.11%, an increase of%. Total shares owned by institutions decreased in the last three months by 1.20% to 12,174K shares. 
The put/call ratio of is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Wasatch Advisors holds 891K shares representing 5.55% ownership of the company. In its prior filing, the firm reported owning 912K shares , representing a decrease of 2.35%. The firm increased its portfolio allocation in RDVT by 77.32% over the last quarter.
Trigran Investments holds 600K shares representing 3.74% ownership of the company. In its prior filing, the firm reported owning 606K shares , representing a decrease of 1.00%. The firm increased its portfolio allocation in RDVT by 39.84% over the last quarter.
Ashford Capital Management holds 575K shares representing 3.58% ownership of the company. In its prior filing, the firm reported owning 687K shares , representing a decrease of 19.41%. The firm increased its portfolio allocation in RDVT by 33.82% over the last quarter.
Vanguard Capital Management holds 523K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 512K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in RDVT by 60.55% over the last quarter.
Ophir Asset Management Pty holds 509K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 670K shares , representing a decrease of 31.67%. The firm decreased its portfolio allocation in RDVT by 1.21% over the last quarter.
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This story originally appeared on Fintel.