EAM Global Investors LLC Invests $4.44 Million in Revolve Group, Inc. (NYSE:RVLV)

EAM Global Investors LLC bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 132,562 shares of the company's stock, valued at approximately $4,440,000. EAM Global Investors LLC owned 0.19% of Revolve Group as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its holdings in shares of Revolve Group by 1,302.1% during 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 during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Revolve Group in the fourth quarter valued at about $50,000. Northwest & Ethical Investments L.P. bought a new position in shares of Revolve Group during the fourth quarter worth about $87,000. Harvest Fund Management Co. Ltd acquired a new stake in Revolve Group in the 4th quarter valued at approximately $117,000. Finally, AlphaQuest LLC boosted its position in Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock worth $185,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 67.60% of the company's stock.

Revolve Group Stock Performance

NYSE RVLV traded down $0.77 on Monday, hitting $19.03. 234,796 shares of the stock traded hands, compared to its average volume of 1,092,852. Revolve Group, Inc. has a 12 month low of $14.87 and a 12 month high of $39.58. The business's fifty day moving average is $23.79 and its two-hundred day moving average is $28.63. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.48 and a beta of 2.10.

Insiders Place Their Bets

In related news, CEO Michael Mente sold 66,413 shares of Revolve Group stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $30.48, for a total value of $2,024,268.24. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,225,040. This trade represents a 47.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 256,781 shares of company stock worth $7,793,755 over the last quarter. 46.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RVLV. Roth Mkm reissued a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, March 14th. Stifel Nicolaus dropped their price objective on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley decreased their target price on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Piper Sandler decreased their price objective on shares of Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.53.

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.