e.l.f. Beauty (NYSE:ELF – Get Free Report) insider Kory Marchisotto sold 4,352 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $224,258.56. Following the completion of the sale, the insider owned 181,868 shares in the company, valued at approximately $9,371,658.04. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kory Marchisotto also recently made the following trade(s):
- On Monday, April 27th, Kory Marchisotto sold 23,796 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,514,853.36.
e.l.f. Beauty Stock Up 4.5%
ELF opened at $60.76 on Friday. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The stock’s fifty day simple moving average is $59.46 and its 200 day simple moving average is $72.93. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3.61 billion, a PE ratio of 132.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.63.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on ELF shares. UBS Group set a $80.00 price objective on e.l.f. Beauty in a report on Thursday, May 21st. Morgan Stanley decreased their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Robert W. Baird decreased their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Bank of America decreased their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, B. Riley Financial decreased their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.38.
Read Our Latest Analysis on ELF
Institutional Trading of e.l.f. Beauty
Several large investors have recently modified their holdings of ELF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $41,000. 92.44% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty News Roundup
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Options traders were unusually active on the bullish side, with 15,457 call options bought on e.l.f. Beauty — about 50% above the average — suggesting some investors are positioning for upside. Source article
- Neutral Sentiment: Several executives sold shares on June 9 at $51.53, including CEO Tarang Amin, along with insiders Scott Milsten, Kory Marchisotto, Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett. The sales were disclosed in SEC filings and appear to be routine insider transactions rather than a single company event. SEC filing
- Negative Sentiment: The breadth of insider selling could weigh on sentiment, since multiple top leaders and employees trimmed holdings at the same price, which may make investors cautious despite the company’s recent operational progress. SEC filing
About e.l.f. Beauty
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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