e.l.f. Beauty (NYSE:ELF) Price Target Raised to $95.00

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its target price raised by equities research analysts at Bank of America from $80.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price target points to a potential upside of 12.70% from the company's previous close.

ELF has been the topic of several other reports. The Goldman Sachs Group decreased their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Piper Sandler dropped their target price on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average price target of $110.41.

e.l.f. Beauty Stock Up 1.8%

Shares of NYSE:ELF traded up $1.51 during trading on Wednesday, hitting $84.29. 2,978,181 shares of the company were exchanged, compared to its average volume of 2,391,534. The firm's 50 day moving average price is $63.79 and its 200-day moving average price is $92.66. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market capitalization of $4.75 billion, a P/E ratio of 49.88, a PEG ratio of 6.76 and a beta of 1.31.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 51,353 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 value of $2,740,196.08. Following the completion of the transaction, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock valued at $10,974,536. Company insiders own 3.50% of the company's stock.

Institutional Trading of e.l.f. Beauty

Several large investors have recently added to or reduced their stakes in ELF. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty in the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $32,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.