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

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.00.

RVLV has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. KeyCorp upgraded shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a report on Thursday, January 23rd. Robert W. Baird decreased their price target on shares of Revolve Group from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday. Stifel Nicolaus cut their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Jefferies Financial Group upgraded shares of Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Friday, March 14th.

Revolve Group Stock Performance

Shares of Revolve Group stock traded down $0.19 on Friday, reaching $19.70. The company had a trading volume of 117,932 shares, compared to its average volume of 1,369,026. Revolve Group has a 52-week low of $14.87 and a 52-week high of $39.58. The firm's 50 day moving average price is $22.11 and its two-hundred day moving average price is $28.33. The firm has a market cap of $1.40 billion, a PE ratio of 35.17, a PEG ratio of 1.48 and a beta of 2.10.

Insider Buying and Selling

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 transaction of $325,962.04. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Mente sold 67,118 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total transaction of $2,074,617.38. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,256,430. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,406 shares of company stock worth $4,378,812 in the last 90 days. Company insiders own 46.56% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC increased its position in Revolve Group by 1,302.1% during 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 in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Revolve Group in the 4th quarter valued at about $50,000. Castlekeep Investment Advisors LLC acquired a new position in shares of Revolve Group during the 4th quarter valued at about $65,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Revolve Group during the 4th quarter worth about $87,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Revolve Group in the fourth quarter valued at approximately $117,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

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.