Revolve Group (NYSE:RVLV) Shares Gap Down After Analyst Downgrade

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) shares gapped down before the market opened on Wednesday after Stifel Nicolaus lowered their price target on the stock from $41.00 to $40.00. The stock had previously closed at $28.32, but opened at $27.21. Stifel Nicolaus currently has a buy rating on the stock. Revolve Group shares last traded at $25.99, with a volume of 579,894 shares trading hands.

A number of other research analysts also recently issued reports on RVLV. Robert W. Baird boosted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. BTIG Research boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. UBS Group raised their price objective on shares of Revolve Group from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. KeyCorp raised Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, Roth Mkm reissued a "buy" rating and issued a $35.00 target price (up previously from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.57.

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Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 98,429 shares of Revolve Group stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $34.87, for a total value of $3,432,219.23. Following the completion of the transaction, the chief executive officer now directly owns 123,000 shares of the company's stock, valued at approximately $4,289,010. The trade was a 44.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 687,778 shares of company stock valued at $22,364,908 in the last 90 days. Corporate insiders own 46.56% of the company's stock.

Hedge Funds Weigh In On Revolve Group

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company's stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Venturi Wealth Management LLC lifted 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 purchasing an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Revolve Group during the fourth quarter valued at $50,000. Castlekeep Investment Advisors LLC bought a new stake in Revolve Group in the 4th quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Revolve Group in the fourth quarter worth approximately $87,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Stock Up 1.1 %

The stock has a market capitalization of $1.88 billion, a PE ratio of 47.41, a PEG ratio of 1.48 and a beta of 2.17. The firm's fifty day moving average price is $30.84 and its two-hundred day moving average price is $29.07.

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.