Penserra Capital Management LLC Buys 77,004 Shares of Revolve Group, Inc. $RVLV

Penserra Capital Management LLC lifted its position in Revolve Group, Inc. (NYSE:RVLV) by 61.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 202,612 shares of the company’s stock after purchasing an additional 77,004 shares during the period. Penserra Capital Management LLC owned about 0.28% of Revolve Group worth $4,062,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RVLV. Summit Securities Group LLC purchased a new stake in Revolve Group during the 1st quarter valued at $25,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of Revolve Group during the second quarter valued at about $60,000. CWM LLC boosted its holdings in shares of Revolve Group by 40.4% during the first quarter. CWM LLC now owns 2,905 shares of the company’s stock worth $62,000 after purchasing an additional 836 shares during the period. Logan Capital Management Inc. grew its stake in shares of Revolve Group by 35.5% in the second quarter. Logan Capital Management Inc. now owns 5,579 shares of the company’s stock worth $112,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Revolve Group in the first quarter worth about $203,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Up 1.5%

NYSE RVLV opened at $21.40 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of 28.16, a P/E/G ratio of 2.46 and a beta of 1.93. The stock’s 50 day moving average is $22.30 and its 200 day moving average is $21.30. Revolve Group, Inc. has a twelve month low of $16.80 and a twelve month high of $39.58.

Revolve Group (NYSE:RVLV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. Revolve Group had a return on equity of 11.26% and a net margin of 4.64%.The business had revenue of $295.63 million during the quarter, compared to analyst estimates of $297.36 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler increased their price objective on Revolve Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Roth Capital restated a “buy” rating and set a $30.00 target price (up previously from $27.00) on shares of Revolve Group in a report on Wednesday. Morgan Stanley lifted their price target on shares of Revolve Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Raymond James Financial boosted their price objective on shares of Revolve Group from $21.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Revolve Group in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.92.

About Revolve Group

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.