Revolve Group, Inc. (NYSE:RVLV) Given Average Recommendation of "Moderate Buy" by Brokerages

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.53.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price target on Revolve Group from $15.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Friday, March 14th. 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 research note on Thursday, January 23rd. Barclays upped their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Roth Mkm restated a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction 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 directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Mente sold 69,605 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,173,210. This represents a 48.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,373 shares of company stock worth $11,268,499 in the last quarter. 46.56% of the stock is owned by insiders.

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Institutional Investors Weigh In On Revolve Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. lifted its stake in shares of Revolve Group by 596.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 795,607 shares of the company's stock worth $26,645,000 after acquiring an additional 681,451 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Revolve Group in the 4th quarter worth approximately $14,531,000. Algert Global LLC boosted its stake in shares of Revolve Group by 235.6% in the 4th quarter. Algert Global LLC now owns 303,289 shares of the company's stock valued at $10,157,000 after purchasing an additional 212,914 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Revolve Group during the fourth quarter worth $6,477,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Revolve Group in the third quarter valued at $3,982,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Revolve Group Price Performance

Revolve Group stock traded down $0.10 during midday trading on Tuesday, hitting $18.81. The company's stock had a trading volume of 2,731,468 shares, compared to its average volume of 1,067,895. The company has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $29.05. 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 $1.34 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 1.48 and a beta of 2.10.

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.