Monimus Capital Management LP Makes New $501,000 Investment in Revolve Group, Inc. (NYSE:RVLV)

Monimus Capital Management LP bought a new stake in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,962 shares of the company's stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock worth $28,000 after purchasing an additional 804 shares in the last quarter. Venturi Wealth Management LLC grew 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 valued at $45,000 after buying an additional 1,250 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Revolve Group in the 4th quarter valued at $50,000. AlphaQuest LLC raised its stake in Revolve Group by 7.7% in 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. Finally, Dakota Wealth Management acquired a new stake in Revolve Group during the 4th quarter worth about $211,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. 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. BMO Capital Markets lifted their price objective on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their price target on Revolve Group from $41.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.53.

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Insiders Place Their Bets

In related news, CEO Michael Mente sold 62,441 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.20, for a total transaction of $2,135,482.20. Following the completion of the transaction, the chief executive officer now owns 73,000 shares of the company's stock, valued at approximately $2,496,600. This trade represents a 46.10 % 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 the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 434,814 shares of company stock valued at $13,403,981 over the last ninety days. Company insiders own 46.56% of the company's stock.

Revolve Group Stock Up 1.9 %

Shares of Revolve Group stock traded up $0.41 on Wednesday, hitting $22.18. 1,134,500 shares of the company were exchanged, compared to its average volume of 1,016,187. The company has a 50-day moving average price of $28.50 and a 200 day moving average price of $29.16. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 1-year low of $14.87 and a 1-year 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.