Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells 14,187 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) CEO Tarang Amin sold 14,187 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $23.90, for a total transaction of $339,069.30. Following the completion of the sale, the chief executive officer now owns 341,105 shares in the company, valued at approximately $8,152,409.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tarang Amin also recently made the following trade(s):

  • On Friday, April 1st, Tarang Amin sold 42,561 shares of e.l.f. Beauty stock. The stock was sold at an average price of $26.02, for a total value of $1,107,437.22.
  • On Thursday, March 3rd, Tarang Amin sold 30,425 shares of e.l.f. Beauty stock. The shares were sold at an average price of $25.47, for a total value of $774,924.75.

ELF stock opened at $24.53 on Thursday. e.l.f. Beauty, Inc. has a twelve month low of $22.22 and a twelve month high of $33.63. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 64.55 and a beta of 1.91. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $25.15 and its two-hundred day simple moving average is $28.44.

e.l.f. Beauty (NYSE:ELFGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. e.l.f. Beauty had a net margin of 5.32% and a return on equity of 10.77%. The firm had revenue of $98.12 million during the quarter, compared to analysts’ expectations of $95.05 million. During the same period in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 0.52 EPS for the current year.

ELF has been the topic of a number of research reports. StockNews.com started coverage on e.l.f. Beauty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler decreased their price target on shares of e.l.f. Beauty from $32.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 19th. DA Davidson increased their price objective on shares of e.l.f. Beauty from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, February 3rd. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Thursday, January 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of “Hold” and an average target price of $34.67.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of e.l.f. Beauty by 2.2% during the fourth quarter. BlackRock Inc. now owns 7,219,446 shares of the company’s stock valued at $239,758,000 after buying an additional 156,322 shares during the last quarter. Victory Capital Management Inc. grew its position in e.l.f. Beauty by 7.5% in the 1st quarter. Victory Capital Management Inc. now owns 2,870,318 shares of the company’s stock valued at $74,103,000 after acquiring an additional 200,128 shares during the last quarter. Nuveen Asset Management LLC grew its position in e.l.f. Beauty by 11.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,724,746 shares of the company’s stock valued at $57,278,000 after acquiring an additional 182,823 shares during the last quarter. Jennison Associates LLC lifted its position in shares of e.l.f. Beauty by 13.3% during the third quarter. Jennison Associates LLC now owns 1,453,555 shares of the company’s stock worth $42,226,000 after purchasing an additional 170,663 shares during the last quarter. Finally, State Street Corp lifted its position in shares of e.l.f. Beauty by 1.6% during the fourth quarter. State Street Corp now owns 1,449,461 shares of the company’s stock worth $48,137,000 after purchasing an additional 22,919 shares during the last quarter. 90.95% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors.

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Insider Buying and Selling by Quarter for e.l.f. Beauty (NYSE:ELF)

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