e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, UBS Group Analyst Says

e.l.f. Beauty (NYSE:ELF) had its target price raised by UBS Group from $59.00 to $84.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 1.42% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Truist Financial dropped their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Robert W. Baird upped their price target on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.41.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $82.82 on Wednesday. The firm has a 50 day moving average of $63.38 and a 200 day moving average of $92.82. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 97,915 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares of the company’s stock, valued at $9,673,581.04. This represents a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kory Marchisotto sold 51,350 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the sale, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds have recently bought and sold shares of the business. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at $33,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.