14,962 Shares in Revolve Group, Inc. (NYSE:RVLV) Purchased by Monimus Capital Management LP

Monimus Capital Management LP bought a new position in shares of Revolve Group, Inc. (NYSE:RVLV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 14,962 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC raised its holdings in Revolve Group by 7.7% during the fourth quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock worth $185,000 after acquiring an additional 396 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Revolve Group by 249.7% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares during the period. Navellier & Associates Inc. raised its stake in Revolve Group by 4.1% in the fourth quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after buying an additional 1,008 shares during the period. Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% in 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. Finally, Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter valued at approximately $50,000. Institutional investors own 67.60% of the company’s stock.

Revolve Group Trading Up 4.7 %

Shares of NYSE:RVLV opened at $22.27 on Friday. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $29.09. Revolve Group, Inc. has a 12-month low of $14.87 and a 12-month high of $39.58. The stock has a market capitalization of $1.59 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Insider Transactions at Revolve Group

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction of $325,962.04. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Mente sold 76,835 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $34.14, for a total transaction of $2,623,146.90. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at $2,492,220. This trade represents a 51.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 511,649 shares of company stock worth $16,027,128. Company insiders own 46.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on RVLV shares. Stifel Nicolaus dropped their price objective on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. BMO Capital Markets increased their target price on Revolve Group from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Roth Mkm reiterated a “buy” rating and set a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research note on Thursday, January 23rd. Finally, Barclays increased their target price on Revolve Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.53.

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.