Revolve Group (NYSE:RVLV) Price Target Lowered to $22.00 at Piper Sandler

Revolve Group (NYSE:RVLV) had its price objective reduced by Piper Sandler from $35.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the company. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Thursday, January 23rd. BMO Capital Markets upped their target price 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 objective (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Barclays increased their target price on shares of Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded shares of Revolve Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.87.

Revolve Group Stock Performance

Revolve Group stock opened at $19.91 on Friday. The company has a 50 day moving average price of $24.81 and a 200 day moving average price of $28.79. Revolve Group has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 1.48 and a beta of 2.10.

Insider Buying and Selling at Revolve Group

In other news, CEO Michael Mente sold 44,962 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.93, for a total value of $1,390,674.66. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,257,890. This trade represents a 38.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated 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 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 over the last 90 days. Insiders own 46.56% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC boosted its holdings in Revolve Group by 7.7% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Revolve Group by 3.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after buying an additional 668 shares during the period. Navellier & Associates Inc. grew its position in 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 increased its stake in 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 acquiring an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Revolve Group by 15.5% in 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 own 67.60% of the company’s stock.

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.