Susquehanna Fundamental Investments LLC Buys New Shares in Revolve Group, Inc. (NYSE:RVLV)

Susquehanna Fundamental Investments LLC bought a new position in Revolve Group, Inc. (NYSE:RVLV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,703 shares of the company's stock, valued at approximately $1,865,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Revolve Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its stake 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 buying an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new position in Revolve Group in the 4th quarter worth $50,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Revolve Group in the 4th quarter worth about $87,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Revolve Group during the 4th quarter valued at about $117,000. Finally, AlphaQuest LLC increased its position in shares of Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company's stock valued at $185,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 67.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on RVLV shares. Robert W. Baird cut their price objective on Revolve Group from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday. Piper Sandler lowered their price objective on Revolve Group from $35.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their target price on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets lifted their price target on shares of Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus cut their price objective on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $28.00.

Insider Buying and Selling

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now directly owns 123,000 shares in the company, valued at approximately $3,190,620. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 65,722 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20. Following the completion of the sale, the chief executive officer now owns 73,000 shares of the company's stock, valued at $2,197,300. This trade represents a 47.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,406 shares of company stock valued at $4,378,812 over the last 90 days. Company insiders own 46.56% of the company's stock.

Revolve Group Trading Up 0.6 %

RVLV stock traded up $0.12 on Friday, hitting $19.58. The company had a trading volume of 1,272,617 shares, compared to its average volume of 1,112,012. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.48 and a beta of 2.10. The stock's 50-day simple moving average is $21.73 and its 200 day simple moving average is $28.26. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58.

Revolve Group 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.