On Jan. 05, Pujades David divested U.S. $113,565 in shares of Revolve Group Inc.. The COO sold 3,490 shares at a price per share of $32.54. The transaction decreased this specific insider’s holdings to 0 shares worth around $0.0 at present.
BTIG Research launched its Revolve Group Inc. [RVLV] rating to the equivalent of a Buy and assigned the price target of $41, in a research note dated December 18, 2020. That figure represents around a 17.51% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with BTIG Research’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in mid December. Meanwhile, Piper Sandler had launched its coverage on RVLV with “an Overweight”, in a research note produced for clients December 15, 2020. In addition, there was no change from Credit Suisse on November 12, 2020. The rater maintained RVLV to “an Outperform” but assigned new target price of $25.
Is Revolve Group Inc. [NYSE:RVLV] a Good Buy Right Now?
It should be noted that RVLV technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Revolve Group Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 1.35 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.61 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.5 million shares.
RVLV Price Performance
On Wall Street, Revolve Group Inc. [NYSE:RVLV] finished Thursday’s session down -2.14% at $33.82. The stock went up to $35.56 at the same session while its lowest single day price was $32.38. In the last five days, it saw a rise of about 10.85%, Revolve Group Inc. shares gained by almost 8.50% since the beginning of the year. However, the share price has dropped to as low as -3.84% below its one year high. On 01/07/21, the company shares recorded $35.56, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $30.91. The company’s shares have inclined by 75.78% in the past year. The 50-day SMA achieved is $24.47 while the 200-day SMA is $17.91. Volume dropped to 1.36 million from 2.83 million in the previous session.
Revolve Group Inc. [RVLV] Valuation Measures
Notably, Revolve Group Inc. [RVLV] stock cannot be classified as a good candidate in the listing of underestimated low-priced Internet Retail companies to purchase soonest possible with the prevailing 12-month PE ratio of 52.27. The measure means the stock is exchanging at a premium as compared to the 22.14x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.96 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.73 which means RVLV serve an unattractive investment opportunity compared to its competitors.
RVLV Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 32.28 level, and in case of violation of this particular level, it will cause more drop to 30.74 level. On the upper level, 37.10 is still the key resistance. The stock may increase to the subsequent resistance at 35.46. The Relative Strength Index (RSI) pinned on the 14-day chart is 73.87, implying a overbought technical stance while the MACD stands at 2.18, meaning price will increase in the next trading period. Percent R indicator moved to 21.40%, implying bullish price movement. Stochastic %K at 87.80% suggest selling the stock.
What is the short interest in Revolve Group Inc.?
Short interest in the Revolve Group Inc. stock has surged, increasing by 3.31 million shares to total 6.41 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 9.72 million, data from Yahoo Finance shows. The decrease of -51.64% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 25.10% of the overall float for the stock.
Revolve Group Inc.’s Biggest Shareholders: Who Owns Revolve Group Inc. [RVLV]?
Filings by Fidelity Management & Research Co showed that the firm now holds a total of 3,715,839 shares or roughly 14.43% of the outstanding RVLV shares. This means their shares have increased by 3,152,745 from the 3,715,839 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $45,606,811. Details in the latest 13F filings reveal that Penserra Capital Management LLC acquired their 49.95% stake valued at $40,064,068 while Point72 Asset Management LP added theirs at $28,987,125. During the last quarter, Penserra Capital Management LLC raised 565,523 of its shares in Revolve Group Inc. while Point72 Asset Management LP bought 959,839 shares. The William Blair Investment Manageme’s holdings currently number 1,095,074 shares at $37035402.68. According to the firm’s last 13F report, Wells Capital Management, Inc. shares in the company at filing stood at 973,087 shares, roughly $22,964,853.
RVLV Earnings Forecast For The Current Quarter
Revolve Group Inc. [RVLV] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $136.67M and an earnings per share of $0.11 for Dec 2020. Looking further ahead, the company is expected to report revenue of $156.26M at an EPS of $0.09 for Mar 2021. The estimates represent downside of 18.10% and 10.11% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
RVLV Earnings Estimates For The Current Year
For the financial year, Revolve Group Inc. [NYSE:RVLV] is expected to bring in revenue of $575.82M. The returns are nearly $-25.17 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.63, higher than that of FY19 by $0.13. Estimates put this year’s earnings growth at 26.00%, 11.10% for the next, and at an annual 19.56% over the next 5-year period. As for sales, forecasts are for a decrease of -4.20% in the current fiscal year and a further 18.10% over the following year.
What are analyst thoughts on Revolve Group Inc.?
Looking forward to the Revolve Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Revolve Group Inc. stock at $26.00 within the next 12 months, which represents almost -30.08 per cent growth from its previous closing price of $33.82. The highest analysts’ target for Revolve Group Inc. stock projections is $42.00 and the lowest one is $20.00. Still, 18 analysts sharing their consensus rating for RVLV stock in 2021 agree that it is an Overweight.