Research analysts at Stifel Nicolaus started coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a report issued on Monday. The firm set a “hold” rating and a $25.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential downside of 6.99% from the company’s previous close.
Separately, JPMorgan Chase & Co. initiated coverage on shares of e.l.f. Beauty in a report on Monday. They set a “neutral” rating and a $28.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. e.l.f. Beauty has a consensus rating of “Buy” and a consensus price target of $29.17.
e.l.f. Beauty (NYSE:ELF) opened at 26.88 on Monday. The firm’s market cap is $83.54 million. e.l.f. Beauty has a 12 month low of $23.73 and a 12 month high of $28.92. The firm has a 50 day moving average of $26.46 and a 200-day moving average of $26.46.
In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the 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 transaction, the insider now owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
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.
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