Added to YB: 2024-09-23
Pitch date: 2024-09-23
RDVT [bullish]
Red Violet, Inc.
+86.59%
current return
Author Info
No bio for this author
Company Info
Red Violet, Inc., an analytics and information solutions company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States.
Market Cap
$816.4M
Pitch Price
$28.86
Price Target
34.00 (-37%)
Dividend
N/A
EV/EBITDA
58.08
P/E
74.44
EV/Sales
8.95
Sector
Software
Category
growth
Red Violet ($RDVT)
RDVT: Data analytics co. growing 30% YoY, 36% adj EBITDA margin. IDI product strong in multiple verticals. Targeting $100k+ contracts, esp. gov't. Increased sales/marketing spend. Est. $75M revenue, $24M adj EBITDA for 2024. Attractive at 14x EV/EBITDA vs peers. $34 price target. Risks: data supplier dependency, competition.