Revolve Group (NYSE:RVLV) Shares Gap Up – Should You Buy?

Revolve Group, Inc. (NYSE:RVLV)’s share price gapped up prior to trading on Friday . The stock had previously closed at $21.26, but opened at $22.57. Revolve Group shares last traded at $22.37, with a volume of 259,662 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RVLV shares. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. BMO Capital Markets raised their price target on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Barclays raised their price target on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.53.

Revolve Group Stock Up 4.7 %

The stock has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $29.13. The firm has a market cap of $1.59 billion, a PE ratio of 39.76, a P/E/G ratio of 1.48 and a beta of 2.25.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 62,441 shares of Revolve Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,496,600. This represents a 46.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock worth $16,027,128 over the last 90 days. Corporate insiders own 46.56% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of Revolve Group in the fourth quarter worth about $65,000. Neo Ivy Capital Management purchased a new position in Revolve Group during the 4th quarter valued at about $156,000. Castleark Management LLC purchased a new position in Revolve Group during the 4th quarter valued at about $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Revolve Group by 25.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock valued at $3,313,000 after purchasing an additional 19,965 shares during the period. Finally, Woodline Partners LP purchased a new position in Revolve Group during the 4th quarter valued at about $6,477,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

About Revolve Group

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.