e.l.f. Beauty, Inc. (NYSE:ELF) Receives $110.41 Consensus Price Target from Analysts

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $110.41.

A number of equities analysts have recently weighed in on the company. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. The Goldman Sachs Group lowered their price objective 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. DA Davidson cut their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. UBS Group lifted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird upped their target price on 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.

Insider Activity

In other news, insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the sale, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock valued at $10,974,536 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

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

Several hedge funds have recently modified their holdings of ELF. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Finally, Financial Life Planners bought 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.

e.l.f. Beauty Stock Up 1.8%

NYSE:ELF traded up $1.51 during trading hours on Friday, hitting $84.29. 2,978,181 shares of the company's stock traded hands, compared to its average volume of 2,390,901. The stock's fifty day moving average price is $63.79 and its two-hundred day moving average price is $92.42. The firm has a market cap of $4.75 billion, a P/E ratio of 49.88, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $219.77.

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.