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Red Violet $RDVT -- DD thread
Full, Printable Version: https://drive.google.com/file/d/1tcRLHXgrZMnfO3tTVFYvBbO3TVf-LgS5/view?usp=sharing
Red Violet is a tech company that buys trillions of data points about the public and, using their own proprietary software, links them together into complete profiles used by many industries
Full, Printable Version: https://drive.google.com/file/d/1tcRLHXgrZMnfO3tTVFYvBbO3TVf-LgS5/view?usp=sharing
Red Violet is a tech company that buys trillions of data points about the public and, using their own proprietary software, links them together into complete profiles used by many industries
$RDVT Why I’m Bullish:
Needed for reopening the economy
Product moat
High insider ownership at 53.05% and only buying activity in the open market,
Low float with only 11.60M s/o and 5.44M float
Short ratio is 13.92!
Basement valuation of a paltry 4.5x revenue
Needed for reopening the economy Product moat High insider ownership at 53.05% and only buying activity in the open market, Low float with only 11.60M s/o and 5.44M float Short ratio is 13.92! Basement valuation of a paltry 4.5x revenue
$RDVT Risks:
Another major lockdown
Questionable past management.
Outside competition
This company has not done a great job historically with releasing PR
Another major lockdown Questionable past management. Outside competition This company has not done a great job historically with releasing PR
$RDVT Catalysts:
Big Q2 2020 earnings from reopening
New product launches (marketing industry)
Palantir IPO sympathy (public sector version)
Russell 2000 inclusion
Software-like profitability in 2021+
Big Q2 2020 earnings from reopening
New product launches (marketing industry)
Palantir IPO sympathy (public sector version)
Russell 2000 inclusion
Software-like profitability in 2021+
$RDVT Price Targets:
For me, the key will be demonstrating continued sales growth through more record-setting quarters and positive earnings by the end of this year. Existing customers should keep coming back as new ones get added. Based on P/S achievement alone:
For me, the key will be demonstrating continued sales growth through more record-setting quarters and positive earnings by the end of this year. Existing customers should keep coming back as new ones get added. Based on P/S achievement alone:
