Revolve Group (NYSE:RVLV) Stock Price Down 6.5% – Should You Sell?

Shares of Revolve Group, Inc. (NYSE:RVLV) traded down 6.5% on Tuesday . The company traded as low as $23.46 and last traded at $23.26. 143,379 shares were traded during trading, a decline of 86% from the average session volume of 994,745 shares. The stock had previously closed at $24.87.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Revolve Group from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, February 26th. Barclays upped their target price on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating for the company 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 price objective on the stock in a research report on Thursday, January 23rd. 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 report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Revolve Group has an average rating of “Moderate Buy” and an average price target of $30.57.

Revolve Group Stock Down 11.1 %

The firm has a market capitalization of $1.52 billion, a P/E ratio of 38.08, a PEG ratio of 1.48 and a beta of 2.25. The business’s 50 day moving average is $29.33 and its 200-day moving average is $29.16.

Insider Activity at Revolve Group

In related news, CEO Michael Karanikolas sold 12,566 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the sale, the chief executive officer now owns 123,000 shares of the company’s stock, valued at $3,190,620. This trade represents a 9.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Mente sold 76,835 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the completion of the transaction, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,492,220. The trade was a 51.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 511,649 shares of company stock valued at $16,027,128 over the last ninety days. 46.56% of the stock is owned by corporate insiders.

Institutional Trading of Revolve Group

Several hedge funds and other institutional investors have recently made changes to their positions in RVLV. Farther Finance Advisors LLC raised its position in Revolve Group by 249.7% during 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. Los Angeles Capital Management LLC raised its position in shares of Revolve Group by 17.5% during the third quarter. Los Angeles Capital Management LLC now owns 33,701 shares of the company’s stock worth $835,000 after acquiring an additional 5,011 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Revolve Group in the third quarter worth approximately $1,509,000. LMR Partners LLP acquired a new position in shares of Revolve Group in the third quarter worth approximately $228,000. Finally, Intech Investment Management LLC bought a new stake in Revolve Group in the third quarter valued at approximately $241,000. 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.