UBS Group Increases e.l.f. Beauty (NYSE:ELF) Price Target to $84.00

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective boosted by equities researchers at UBS Group from $59.00 to $84.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 4.50% from the company's current price.

Other equities analysts have also issued research reports about the company. Robert W. Baird boosted 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. Truist Financial reduced their price target on shares of 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. Piper Sandler cut their price objective on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average target price of $109.82.

e.l.f. Beauty Stock Down 1.4%

ELF traded down $1.13 during midday trading on Wednesday, reaching $80.38. The company's stock had a trading volume of 334,991 shares, compared to its average volume of 2,402,125. The stock's 50-day moving average is $62.83 and its 200-day moving average is $93.06. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $219.77. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 47.65, a PEG 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.

Insider Activity

In related news, CEO Tarang Amin sold 97,915 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 value of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of the business'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 sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock valued at $10,974,536. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in 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 valued at $361,000 after purchasing an additional 91 shares during the period. Truist Financial Corp raised its position in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after buying an additional 128 shares during the period. Treasurer of the State of North Carolina grew its position in shares of e.l.f. Beauty by 0.6% during 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 buying an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.