Research analysts at William Blair started coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a report issued on Monday, The Fly reports. The brokerage set an “outperform” rating on the stock.
A number of other research analysts also recently commented on ELF. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an “overweight” rating for the company. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “hold” rating and a $25.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “neutral” rating for the company. Finally, Wells Fargo & Co. began coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.00.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $28.92. The stock’s market cap is $83.73 million. The company has a 50 day moving average price of $26.37 and a 200 day moving average price of $26.37.
In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the sale, the insider now owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.