Revolve Group (NASDAQ:RVLV)’s share price shot up 4.8% on Wednesday . The company traded as high as $24.60 and last traded at $25.57, 37,082 shares traded hands during trading. A decline of 98% from the average session volume of 1,739,802 shares. The stock had previously closed at $24.41.

Several brokerages recently issued reports on RVLV. Credit Suisse Group started coverage on shares of Revolve Group in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $40.00 target price on the stock. Cowen started coverage on shares of Revolve Group in a research note on Tuesday, July 2nd. They set an “outperform” rating and a $42.00 target price for the company. Raymond James initiated coverage on Revolve Group in a report on Tuesday, July 2nd. They set an “outperform” rating and a $40.00 price target on the stock. Barclays initiated coverage on Revolve Group in a research note on Tuesday, July 2nd. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, William Blair assumed coverage on Revolve Group in a report on Tuesday, July 2nd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $42.63.

The company’s 50-day moving average price is $26.95.

Revolve Group (NASDAQ:RVLV) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $161.90 million for the quarter, compared to the consensus estimate of $159.93 million. The company’s quarterly revenue was up 22.8% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in RVLV. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Revolve Group during the 2nd quarter worth $35,000. CenterStar Asset Management LLC bought a new position in Revolve Group in the 2nd quarter worth $56,000. FNY Investment Advisers LLC purchased a new position in Revolve Group during the second quarter valued at $118,000. Gs Investments Inc. purchased a new position in Revolve Group during the second quarter valued at $178,000. Finally, Sfmg LLC purchased a new position in Revolve Group during the second quarter valued at $201,000.

About Revolve Group (NASDAQ:RVLV)

Revolve Group, Inc operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. It provides women's apparel, footwear, accessories, and beauty styles under a range of established and emerging brands, as well as owned brands.

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