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 the business’s stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Revolve Group Price Performance

Shares of RVLV traded up $0.14 during mid-day trading on Wednesday, hitting $24.33. 1,152,286 shares of the company’s stock were exchanged, compared to its average volume of 996,523. The company has a 50-day simple moving average of $30.47 and a 200 day simple moving average of $29.18. The company has a market cap of $1.72 billion, a PE ratio of 43.44, a P/E/G 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new stake in Revolve Group during the fourth quarter worth about $65,000. Neo Ivy Capital Management acquired a new position in shares of Revolve Group during the 4th quarter worth approximately $156,000. Castleark Management LLC bought a new stake in shares of Revolve Group during the 4th quarter worth approximately $4,488,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Revolve Group by 25.3% in the 4th 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 buying an additional 19,965 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of Revolve Group in the fourth quarter valued at $6,477,000. Institutional investors own 67.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RVLV shares. KeyCorp raised Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, January 23rd. BTIG Research boosted their price target on shares of Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Barclays raised their price objective 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. Piper Sandler upped their price objective on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $36.00 target price (up previously from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.57.

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.