Innealta Capital LLC Takes Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Innealta Capital LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 143 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds have also added to or reduced their stakes in ELF. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $27,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty during the first quarter valued at approximately $31,000. Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $42,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the subject of several analyst reports. TD Cowen raised their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. DA Davidson restated a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research note on Thursday. Canaccord Genuity Group raised their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $260.00 price objective on shares of e.l.f. Beauty in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Trading Down 0.2 %

ELF stock opened at $149.74 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The company’s 50-day simple moving average is $179.00 and its 200 day simple moving average is $181.44. The company has a market capitalization of $8.38 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at $47,843,048.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock valued at $18,264,873 in the last quarter. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, 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.