GSA Capital Partners LLP Purchases New Shares in e.l.f. Beauty $ELF

Key Points

• GSA Capital Partners purchased 39,041 shares of e.l.f. Beauty worth approximately $2.9 million, while institutional investors collectively owned 92.44% of the company.
• e.l.f. Beauty reported strong quarterly results, with EPS of $1.75 versus the $0.71 consensus estimate and revenue of $479.37 million, up 35.5% year over year.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $90.81; however, insiders sold 134,028 shares worth about $9.4 million over the past three months.

GSA Capital Partners LLP purchased a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,041 shares of the company's stock, valued at approximately $2,889,000. GSA Capital Partners LLP owned 0.07% of e.l.f. Beauty at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company's stock valued at $9,650,000 after buying an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of e.l.f. Beauty by 168.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock worth $407,000 after buying an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its position in e.l.f. Beauty by 176.4% in the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock valued at $294,000 after acquiring an additional 2,985 shares during the period. United Services Automobile Association acquired a new position in e.l.f. Beauty in the 1st quarter valued at about $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after acquiring an additional 117 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

Shares of ELF opened at $91.57 on Friday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock's 50 day moving average is $75.54 and its two-hundred day moving average is $71.80. The firm has a market capitalization of $5.40 billion, a PE ratio of 91.57, a P/E/G ratio of 2.94 and a beta of 1.58. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to analysts' expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm's quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ELF. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research report on Thursday, August 6th. Jefferies Financial Group upped their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Sanford C. Bernstein increased their price target on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Finally, TD Cowen boosted their price objective on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.81.

Insider Activity

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,854 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the sale, the senior vice president owned 153,532 shares of the company's stock, valued at approximately $7,974,452.08. This trade represents a 4.27% decrease in their ownership of the stock. 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 12,173 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the completion of the sale, the insider directly owned 169,695 shares of the company's stock, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 134,028 shares of company stock valued at $9,422,961 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

About e.l.f. Beauty

e.l.f. Beauty NYSE: ELF is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company's portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

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