Revolve Group (NYSE:RVLV) Shares Down 5.3% After Analyst Downgrade

Shares of Revolve Group, Inc. (NYSE:RVLV) fell 5.3% during mid-day trading on Friday after Piper Sandler lowered their price target on the stock from $35.00 to $22.00. Piper Sandler currently has an overweight rating on the stock. Revolve Group traded as low as $19.14 and last traded at $19.01. 79,612 shares traded hands during trading, a decline of 93% from the average session volume of 1,085,711 shares. The stock had previously closed at $20.08.

Several other equities analysts have also recently weighed in on RVLV. BMO Capital Markets raised their price objective on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. KeyCorp raised 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. Stifel Nicolaus lowered their target price on shares of Revolve Group from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays increased their price target on shares of Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.87.

Insider Activity at Revolve Group

In other Revolve Group news, CEO Michael Mente sold 66,413 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $30.48, for a total transaction of $2,024,268.24. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,225,040. This trade represents a 47.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the transaction, the chief executive officer now owns 123,000 shares in the company, valued at $3,190,620. The trade was a 9.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 256,781 shares of company stock worth $7,793,755 in the last ninety days. 46.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. AlphaQuest LLC grew its holdings in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after purchasing an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Revolve Group by 3.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock worth $730,000 after buying an additional 668 shares during the last quarter. Navellier & Associates Inc. increased its holdings in shares of Revolve Group by 4.1% during the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after buying an additional 1,008 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Revolve Group by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock valued at $341,000 after acquiring an additional 1,364 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

Revolve Group Trading Down 0.8 %

The firm has a market cap of $1.42 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The business has a 50-day moving average of $24.81 and a two-hundred day moving average of $28.77.

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.