Revolve Group, Inc. (NYSE:RVLV) CEO Michael Karanikolas Sells 12,566 Shares

Revolve Group, Inc. (NYSE:RVLVGet Free Report) CEO Michael Karanikolas sold 12,566 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 123,000 shares of the company’s stock, 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 legal filing with the SEC, which is available at the SEC website.

Revolve Group Price Performance

Shares of RVLV traded up $0.14 during mid-day trading on Wednesday, reaching $24.33. The company had a trading volume of 1,152,286 shares, compared to its average volume of 996,523. The company has a market capitalization of $1.72 billion, a P/E ratio of 43.44, a P/E/G ratio of 1.48 and a beta of 2.25. Revolve Group, Inc. has a twelve month low of $14.87 and a twelve month high of $39.58. The company’s 50-day moving average is $30.47 and its 200-day moving average is $29.18.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp raised shares of Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Thursday, January 23rd. Stifel Nicolaus cut their target price on shares of Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. UBS Group raised their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Roth Mkm reissued a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Finally, Barclays raised their price objective on shares of 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.57.

Check Out Our Latest Stock Analysis on RVLV

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC boosted its stake in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Revolve Group by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock valued at $730,000 after purchasing an additional 668 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after purchasing an additional 804 shares during the last quarter. Navellier & Associates Inc. boosted its position 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 in the last quarter. Finally, Venturi Wealth Management LLC grew 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 worth $45,000 after buying an additional 1,250 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

About Revolve Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Revolve Group (NYSE:RVLV)

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