Revolve Group (NYSE:RVLV) Trading Down 5.3% Following Analyst Downgrade

Revolve Group, Inc. (NYSE:RVLV - Get Free Report) dropped 5.3% on Friday after Piper Sandler lowered their price target on the stock from $35.00 to $22.00. Piper Sandler currently has an overweight rating on the stock. Revolve Group traded as low as $19.14 and last traded at $19.01. Approximately 79,612 shares changed hands during trading, a decline of 93% from the average daily volume of 1,085,711 shares. The stock had previously closed at $20.08.Get Revolve Group alerts:Is Abercrombie & Fitch Stock's Next Stop $40 or $20?A number of other brokerages have also commented on RVLV. Stifel Nicolaus cut their price target on Revolve Group from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday. Roth Mkm reiterated a "buy" rating and set a $36.00 price target (up previously from $35.00) on shares of Revolve Group in a report on Wednesday, February 26th. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research note on Friday, March 14th. BMO Capital Markets upped their target price on Revolve Group from $15.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Finally, KeyCorp upgraded shares of Revolve Group from a "sector weight" rating to an "overweight" rating and set a $37.00 price target for the company in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.87.Check Out Our Latest Analysis on Revolve GroupInsider Activity at Revolve GroupAre These 3 Clothing Retailers All Dressed Up And Ready To Rally? In other Revolve Group news, CEO Michael Mente sold 44,962 shares of Revolve Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $30.93, for a total transaction of $1,390,674.66. Following the transaction, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,257,890. The trade was a 38.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $25.94, for a total transaction 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 represents a 9.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 256,781 shares of company stock valued at $7,793,755. 46.56% of the stock is owned by corporate insiders. Institutional Trading of Revolve GroupA number of hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC bought a new stake in Revolve Group in the fourth quarter worth about $50,000. Castlekeep Investment Advisors LLC purchased a new position in Revolve Group in the fourth quarter valued at about $65,000. Northwest & Ethical Investments L.P. purchased a new position in Revolve Group in the fourth quarter valued at about $87,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Revolve Group during the 4th quarter valued at approximately $117,000. 67.60% of the stock is currently owned by institutional investors. Revolve Group Stock PerformancePent Up Demand Could Propel Revolve NYSE: RVLV in 2021The company has a market cap of $1.34 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. The company's 50 day moving average price is $25.05 and its 200-day moving average price is $28.80. 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 ReadingFive stocks we like better than Revolve GroupInvesting In Preferred Stock vs. Common StockJPMorgan is a Buy, if You Can Handle The Volatility About the Markup CalculatorUnited States Steel's Crash: An Unmissable Buying OpportunityThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberRocket Lab Stock: Weathering the Storm, Time for a Comeback?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Revolve Group Right Now?Before you consider Revolve Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Revolve Group wasn't on the list.While Revolve Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here