Revolve Group, Inc. (NYSE:RVLV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Revolve Group, Inc. (NYSE:RVLV) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $30.57.

Several equities research analysts recently issued reports on RVLV shares. Roth Mkm reiterated a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Barclays lifted their price target on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on shares of Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 76,835 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $2,492,220. This trade represents a 51.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 511,649 shares of company stock valued at $16,027,128 over the last quarter. 46.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Revolve Group by 7.7% in the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after purchasing an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Revolve Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock worth $730,000 after buying an additional 668 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after buying an additional 804 shares in the last quarter. Navellier & Associates Inc. boosted its position in Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after buying an additional 1,008 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Revolve Group by 1,302.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after acquiring an additional 1,250 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Down 5.5 %

Shares of NYSE RVLV opened at $22.94 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The company’s 50-day simple moving average is $30.08 and its 200-day simple moving average is $29.10. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.