OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the company’s stock, valued at approximately $942,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $27,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth $32,000. Financial Life Planners acquired a new stake in e.l.f. Beauty in the fourth quarter worth $46,000. Finally, Wilmington Savings Fund Society FSB increased its stake in e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock valued at $54,000 after purchasing an additional 197 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus cut their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Truist Financial lowered their target price on e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.88.

e.l.f. Beauty Stock Up 5.8%

e.l.f. Beauty stock opened at $78.35 on Wednesday. The firm has a 50 day moving average price of $61.83 and a 200-day moving average price of $94.07. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The company has a market capitalization of $4.42 billion, a P/E ratio of 46.36, a P/E/G ratio of 6.76 and a beta of 1.31.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty 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 owns 152,492 shares of the company’s stock, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,618 shares of company stock worth $10,974,536. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty 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.