e.l.f. Beauty (NYSE:ELF) Trading Down 0.5% After Insider Selling

e.l.f. Beauty, Inc. (NYSE:ELF) shares traded down 0.5% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $110.46 and last traded at $111.25. 732,207 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 1,752,771 shares. The stock had previously closed at $111.83.

Specifically, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

ELF has been the subject of a number of analyst reports. Piper Sandler cut their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, September 16th. DA Davidson restated a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. B. Riley assumed coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, TD Cowen dropped their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Trading Down 0.5 %

The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.22 billion, a P/E ratio of 50.11, a PEG ratio of 2.37 and a beta of 1.44. The firm’s fifty day moving average is $152.06 and its two-hundred day moving average is $173.47.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. Analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Guidance Capital Inc. grew its position in shares of e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after buying an additional 56 shares during the period. Picton Mahoney Asset Management boosted its position in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. increased its position in e.l.f. Beauty by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after buying an additional 77 shares in the last quarter. GAMMA Investing LLC raised its stake in e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after buying an additional 88 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of e.l.f. Beauty by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.