Oberweis Asset Management Inc. Buys 99,300 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Oberweis Asset Management Inc. raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 258.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,700 shares of the company's stock after buying an additional 99,300 shares during the period. Oberweis Asset Management Inc. owned about 0.24% of e.l.f. Beauty worth $17,288,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the third quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $46,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $0.36 on Tuesday, reaching $61.62. The stock had a trading volume of 382,246 shares, compared to its average volume of 2,918,152. The stock has a market cap of $3.48 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. 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, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a 50 day simple moving average of $62.19 and a 200 day simple moving average of $97.15.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on ELF shares. UBS Group reduced their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. 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 research report on Friday, April 11th. Morgan Stanley reissued 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 research report on Friday, February 7th. Piper Sandler lowered their target price on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Raymond James reduced their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.41.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 97,915 shares of the 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 $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 152,492 shares in the company, valued at $8,136,973.12. This represents a 25.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock worth $10,974,536 over the last three months. 3.50% of the stock is currently owned by company insiders.

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.