Jump Financial LLC Purchases New Position in Revolve Group, Inc. $RVLV

Key Points

• Jump Financial LLC has acquired 100,418 shares of Revolve Group, Inc., valued at approximately $2.158 million, representing about 0.14% ownership of the company.
• Revolve Group's recent quarterly earnings showed a positive performance, reporting $0.14 earnings per share and revenues of $308.97 million, exceeding consensus estimates.
• Analysts maintain a mixed outlook on RVLV shares, with ratings ranging from a "buy" to a "reduce", and an average price target of $27.40.

Jump Financial LLC acquired a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 100,418 shares of the company's stock, valued at approximately $2,158,000. Jump Financial LLC owned approximately 0.14% of Revolve Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in Revolve Group in the 1st quarter valued at about $25,000. CWM LLC boosted its holdings in shares of Revolve Group by 40.4% in the 1st quarter. CWM LLC now owns 2,905 shares of the company's stock valued at $62,000 after purchasing an additional 836 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Revolve Group in the 4th quarter valued at $65,000. Wallace Advisory Group LLC bought a new stake in shares of Revolve Group during the 1st quarter worth $136,000. Finally, Neo Ivy Capital Management acquired a new stake in Revolve Group in the fourth quarter valued at about $156,000. Institutional investors and hedge funds own 67.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RVLV. Morgan Stanley lifted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Raymond James Financial raised their price objective on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Roth Capital restated a "buy" rating and set a $24.00 price objective (up previously from $19.00) on shares of Revolve Group in a research report on Tuesday, August 5th. Piper Sandler increased their target price on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, KeyCorp lowered their price objective on Revolve Group from $37.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.40.

Revolve Group Stock Down 1.4%

RVLV traded down $0.31 during trading on Monday, reaching $22.38. 751,228 shares of the stock traded hands, compared to its average volume of 1,450,387. The stock's 50-day moving average is $21.13 and its 200 day moving average is $21.64. Revolve Group, Inc. has a 12 month low of $16.80 and a 12 month high of $39.58. The stock has a market capitalization of $1.60 billion, a PE ratio of 36.10, a P/E/G ratio of 2.44 and a beta of 1.94.

Revolve Group (NYSE:RVLV - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The company had revenue of $308.97 million for the quarter, compared to analyst estimates of $297.91 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Revolve Group, Inc. will post 0.6 EPS for the current year.

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.