Attractiveness: e.l.f. Attractiveness (NYSE:ELF) Sees Sturdy Buying and selling Quantity After Analyst Improve

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e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) shares saw unusually-strong trading volume on Thursday after Raymond James raised their price target on the stock from $27.00 to $38.00. Raymond James currently has an outperform rating on the stock. Approximately 89,220 shares were traded during trading, a decline of 84% from the previous session’s volume of 543,038 shares.The stock last traded at $36.54 and had previously closed at $33.87.

A number of other equities analysts also recently issued reports on the company. Piper Sandler cut their price target on e.l.f. Beauty from $29.00 to $24.00 in a research note on Thursday, May 26th. Morgan Stanley lifted their price target on e.l.f. Beauty from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. DA Davidson lifted their price target on e.l.f. Beauty from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $30.00 to $35.00 in a research report on Thursday, July 21st. Finally, William Blair reissued an “outperform” rating on shares of e.l.f. Beauty in a research report on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 6,823 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $180,673.04. Following the completion of the sale, the senior vice president now owns 126,749 shares in the company, valued at approximately $3,356,313.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Joshua Allen Franks sold 6,823 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $180,673.04. Following the completion of the sale, the senior vice president now owns 126,749 shares in the company, valued at approximately $3,356,313.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kory Marchisotto sold 16,904 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $26.48, for a total transaction of $447,617.92. Following the sale, the insider now owns 159,400 shares of the company’s stock, valued at approximately $4,220,912. The disclosure for this sale can be found here. Insiders sold a total of 300,480 shares of company stock worth $8,529,868 in the last quarter. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $19,845,000. Yousif Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at about $1,462,000. Qube Research & Technologies Ltd increased its position in shares of e.l.f. Beauty by 424.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 39,330 shares of the company’s stock valued at $1,306,000 after buying an additional 31,834 shares during the period. Assenagon Asset Management S.A. increased its position in shares of e.l.f. Beauty by 909.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 201,974 shares of the company’s stock valued at $6,708,000 after buying an additional 181,962 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of e.l.f. Beauty by 45.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,456 shares of the company’s stock valued at $181,000 after buying an additional 1,710 shares during the period. 90.95% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Performance

The company has a 50-day moving average price of $29.70 and a two-hundred day moving average price of $26.92. The stock has a market capitalization of $1.90 billion, a P/E ratio of 88.25 and a beta of 1.67. The company has a quick ratio of 1.67, a current ratio of 2.97 and a debt-to-equity ratio of 0.29.

e.l.f. Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings results on Wednesday, May 25th. The company reported $0.06 earnings per share for the quarter. e.l.f. Beauty had a return on equity of 9.70% and a net margin of 5.55%. The firm had revenue of $105.14 million for the quarter, compared to analysts’ expectations of $91.22 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts expect that e.l.f. Beauty, Inc. will post 0.55 earnings per share for the current year.

e.l.f. Beauty Company Profile

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e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.