Piper Jaffray Cos. Initiates Coverage on e.l.f. Beauty Inc (ELF)

Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “overweight” rating on the stock.

ELF has been the topic of a number of other reports. JPMorgan Chase & Co. began coverage on e.l.f. Beauty in a report on Monday. They set a “neutral” rating on the stock. Stifel Nicolaus began coverage on e.l.f. Beauty in a report on Monday. They set a “hold” rating and a $25.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently 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. The firm’s market capitalization is $83.73 million. The stock has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.37. e.l.f. Beauty has a 52 week low of $23.73 and a 52 week high of $28.92.

In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total value of $23,049,414.81. Following the transaction, the insider now directly owns 8,279,999 shares of the company’s stock, valued at approximately $130,906,784.19. The sale was disclosed in a legal filing with the SEC, 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.

5 Day Chart for NYSE:ELF

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