e.l.f. Beauty Inc. (NYSE:ELF) insider Tarang Amin sold 47,380 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $25.00, for a total value of $1,184,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tarang Amin also recently made the following trade(s):
- On Monday, June 19th, Tarang Amin sold 47,380 shares of e.l.f. Beauty stock. The stock was sold at an average price of $26.09, for a total value of $1,236,144.20.
Shares of e.l.f. Beauty Inc. (NYSE ELF) traded down 1.45% during midday trading on Wednesday, hitting $25.17. The stock had a trading volume of 821,865 shares. The stock has a 50-day moving average price of $25.97 and a 200-day moving average price of $26.49. e.l.f. Beauty Inc. has a 12-month low of $23.73 and a 12-month high of $32.54. The stock’s market cap is $1.15 billion.
e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 9th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.11. The business had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. The business’s revenue was up 26.8% compared to the same quarter last year. Equities analysts forecast that e.l.f. Beauty Inc. will post $0.43 earnings per share for the current year.
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A number of equities analysts recently commented on ELF shares. BMO Capital Markets set a $38.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, May 9th. Piper Jaffray Companies reiterated an “overweight” rating and set a $34.00 price objective on shares of e.l.f. Beauty in a research report on Monday, May 1st. Cowen and Company set a $34.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Citigroup Inc. initiated coverage on e.l.f. Beauty in a research note on Tuesday, July 25th. They set a “buy” rating and a $30.00 target price for the company. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.14.
Several hedge funds have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $3,535,000. FMR LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $5,481,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $313,000. Norges Bank acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $1,447,000. Finally, UBS Asset Management Americas Inc. purchased a new position in e.l.f. Beauty during the fourth quarter worth approximately $2,831,000. Institutional investors own 95.65% of the company’s stock.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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