Pinnacle Investment Management Ltd bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company's stock, valued at approximately $1,256,000. e.l.f. Beauty comprises approximately 0.9% of Pinnacle Investment Management Ltd's investment portfolio, making the stock its 12th biggest holding.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $32,000. Finally, Financial Life Planners acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
e.l.f. Beauty Trading Up 1.8%
Shares of e.l.f. Beauty stock traded up $1.51 on Friday, reaching $84.29. 2,978,181 shares of the company were exchanged, compared to its average volume of 2,391,534. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $63.79 and a 200-day moving average price of $92.66.
Insiders Place Their Bets
In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 51,350 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 $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. This trade represents a 25.19% decrease in their ownership of the stock. 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 ninety days. 3.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
ELF has been the subject of a number of analyst reports. Truist Financial reduced their price target on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Bank of America raised their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Finally, Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued 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 a consensus target price of $110.41.
View Our Latest Report on ELF
e.l.f. Beauty Company 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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