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

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $25.94, for a total value of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Revolve Group Stock Performance

Shares of RVLV opened at $24.33 on Thursday. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 1.48 and a beta of 2.25. The business’s fifty day moving average price is $30.28 and its two-hundred day moving average price is $29.15.

Wall Street Analysts Forecast Growth

Several research firms have commented on RVLV. Barclays upped their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. UBS Group increased their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the stock an “in-line” rating in a report on Wednesday, November 6th. Finally, BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in shares of Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Revolve Group by 1,302.1% during the 4th 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 period. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the 4th quarter worth $50,000. Castlekeep Investment Advisors LLC acquired a new stake in Revolve Group during the 4th quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Revolve Group during the 4th quarter worth $87,000. 67.60% of the stock is currently owned by institutional investors.

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.