Bayesian Capital Management LP purchased a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,290 shares of the company's stock, valued at approximately $539,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $27,000. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the 3rd quarter worth $25,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty in the 4th quarter worth $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.
Insider Transactions at e.l.f. Beauty
In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction 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 owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the transaction, the insider now owns 152,492 shares of the company's stock, 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 ninety days, insiders have sold 204,618 shares of company stock valued at $10,974,536. 3.50% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. B. Riley restated a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. DA Davidson reduced their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, UBS Group cut their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Five research 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 data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $116.88.
Get Our Latest Stock Analysis on ELF
e.l.f. Beauty Stock Performance
Shares of ELF traded up $5.86 during mid-day trading on Monday, hitting $72.70. 1,554,539 shares of the company's stock were exchanged, compared to its average volume of 2,382,498. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The stock's 50-day simple moving average is $61.35 and its 200-day simple moving average is $94.43. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 43.07, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.
e.l.f. Beauty Profile
(
Free Report)
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.
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