Revolve Group (NYSE:RVLV) Given New $21.00 Price Target at Morgan Stanley

Revolve Group (NYSE:RVLV - Get Free Report) had its price objective reduced by Morgan Stanley from $29.00 to $21.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 9.43% from the stock's previous close.

A number of other equities research analysts also recently issued reports on RVLV. Piper Sandler lowered their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus dropped their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Roth Mkm restated a "buy" rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. BMO Capital Markets raised their target price on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Friday, March 14th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Revolve Group has a consensus rating of "Moderate Buy" and an average target price of $28.53.

Revolve Group Trading Up 1.3 %

Shares of Revolve Group stock traded up $0.25 on Thursday, reaching $19.19. The stock had a trading volume of 1,147,047 shares, compared to its average volume of 1,097,273. The business's 50 day moving average is $23.55 and its two-hundred day moving average is $28.59. Revolve Group has a 1 year low of $14.87 and a 1 year high of $39.58. The company has a market cap of $1.37 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10.

Insider Activity

In related news, CEO Michael Mente sold 67,118 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at $2,256,430. This represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Karanikolas sold 12,566 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 directly owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 256,781 shares of company stock valued at $7,793,755. 46.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. AlphaQuest LLC increased its stake in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after buying an additional 396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Revolve Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company's stock valued at $730,000 after acquiring an additional 668 shares in the last quarter. Navellier & Associates Inc. increased its position in Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company's stock valued at $861,000 after purchasing an additional 1,008 shares during the period. Precision Wealth Strategies LLC raised its holdings in Revolve Group by 8.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,678 shares of the company's stock worth $294,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company's stock worth $45,000 after purchasing an additional 1,250 shares during the period. 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.