Nomura Holdings Inc. Invests $938,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Nomura Holdings Inc. purchased a new position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,474 shares of the company's stock, valued at approximately $938,000.

A number of other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after acquiring an additional 91 shares during the last quarter. Truist Financial Corp raised its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after acquiring an additional 102 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after acquiring an additional 140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after acquiring an additional 150 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $79.53 on Tuesday. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The business has a 50-day moving average of $62.46 and a 200-day moving average of $93.14. 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 company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 6.76 and a beta of 1.31.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. This represents a 67.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the company'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 completion of the sale, the insider now directly owns 152,492 shares of the company's stock, valued at $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock valued at $10,974,536 over the last quarter. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ELF shares. Canaccord Genuity Group dropped 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. Stifel Nicolaus dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. B. Riley reiterated a "buy" rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Truist Financial dropped their target price on 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. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.47.

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.

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