Quantedge Capital Pte Ltd Makes New $311,000 Investment in Revolve Group, Inc. (NYSE:RVLV)

Quantedge Capital Pte Ltd acquired a new position in shares of Revolve Group, Inc. (NYSE:RVLV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,300 shares of the company’s stock, valued at approximately $311,000.

Several other large investors have also recently bought and sold shares of RVLV. AlphaQuest LLC raised its position in shares of Revolve Group by 7.7% during the 4th quarter. AlphaQuest LLC now owns 5,535 shares of the company’s stock valued at $185,000 after acquiring an additional 396 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Revolve Group by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,809 shares of the company’s stock worth $730,000 after purchasing an additional 668 shares during the period. Navellier & Associates Inc. boosted its stake in Revolve Group by 4.1% in the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock worth $861,000 after purchasing an additional 1,008 shares during the period. Venturi Wealth Management LLC boosted its stake in Revolve Group by 1,302.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Revolve Group by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 10,190 shares of the company’s stock worth $341,000 after purchasing an additional 1,364 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Karanikolas sold 12,566 shares of Revolve Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $25.94, for a total value of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Mente sold 67,118 shares of Revolve Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38. Following the completion of the transaction, the chief executive officer now owns 73,000 shares in the company, valued at approximately $2,256,430. This represents a 47.90% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.56% of the company’s stock.

Revolve Group Price Performance

Revolve Group stock opened at $20.07 on Thursday. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The firm has a market capitalization of $1.43 billion, a P/E ratio of 35.84, a PEG ratio of 1.48 and a beta of 2.10. The business has a fifty day moving average price of $20.74 and a 200-day moving average price of $27.86.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $296.71 million during the quarter, compared to analyst estimates of $297.56 million. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. Sell-side analysts expect that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. KeyCorp reduced their target price on shares of Revolve Group from $37.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Roth Mkm restated a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Revolve Group in a research note on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of Revolve Group from $29.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. UBS Group reduced their price objective on shares of Revolve Group from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James reduced their price objective on shares of Revolve Group from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

Revolve Group 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.