Revolve Group, Inc. (NYSE:RVLV) CEO Sells $325,962.04 in Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the completion of the sale, the chief executive officer now directly owns 123,000 shares in the company, valued at $3,190,620. This represents a 9.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Revolve Group Stock Performance

Shares of NYSE:RVLV opened at $24.33 on Thursday. The company has a fifty day moving average of $30.28 and a 200-day moving average of $29.15. The company has a market capitalization of $1.72 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a 52-week low of $14.87 and a 52-week high of $39.58.

Analysts Set New Price Targets

Several research firms have issued reports on RVLV. TD Cowen lifted their price target on Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and issued a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. BMO Capital Markets lifted their target price on Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Piper Sandler lifted their target price on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, UBS Group lifted their price target on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.57.

Institutional Trading of Revolve Group

Several institutional investors have recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new stake in shares of Revolve Group in the fourth quarter worth $65,000. Neo Ivy Capital Management bought a new stake in shares of Revolve Group in the fourth quarter worth $156,000. Castleark Management LLC bought a new stake in shares of Revolve Group in the fourth quarter worth $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Revolve Group by 25.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,920 shares of the company’s stock valued at $3,313,000 after acquiring an additional 19,965 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in Revolve Group during the fourth quarter valued at $6,477,000. 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.