Trexquant Investment LP Purchases 30,370 Shares of Revolve Group, Inc. (NYSE:RVLV)

Trexquant Investment LP raised its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 96.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,723 shares of the company's stock after purchasing an additional 30,370 shares during the quarter. Trexquant Investment LP owned 0.09% of Revolve Group worth $2,067,000 as of its most recent filing with the Securities & Exchange Commission.

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

Revolve Group Trading Up 1.9 %

Shares of RVLV stock traded up $0.39 during mid-day trading on Monday, reaching $20.34. The stock had a trading volume of 104,884 shares, compared to its average volume of 1,090,487. The firm has a market capitalization of $1.45 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The stock's 50-day moving average price is $24.81 and its two-hundred day moving average price is $28.79. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RVLV. Stifel Nicolaus dropped their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday. Jefferies Financial Group raised shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Friday, March 14th. Roth Mkm reissued a "buy" rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Piper Sandler dropped their price target on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday. Finally, KeyCorp upgraded 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Revolve Group presently has an average rating of "Moderate Buy" and an average target price of $28.87.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 44,962 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at approximately $2,257,890. The trade was a 38.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the company'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 transaction, the chief executive officer now owns 123,000 shares of the company's stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 256,781 shares of company stock worth $7,793,755 in the last 90 days. Company insiders own 46.56% of the company's stock.

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.