Atom Investors LP Invests $697,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Atom Investors LP bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,395 shares of the company's stock, valued at approximately $697,000.

Several other institutional investors have also recently added to or reduced their stakes in ELF. Cetera Investment Advisers lifted its stake in e.l.f. Beauty by 492.9% during the first quarter. Cetera Investment Advisers now owns 29,380 shares of the company's stock worth $5,759,000 after purchasing an additional 24,425 shares during the last quarter. Cetera Advisors LLC purchased a new stake in e.l.f. Beauty in the first quarter valued at approximately $640,000. GAMMA Investing LLC lifted its stake in e.l.f. Beauty by 27.8% in the second quarter. GAMMA Investing LLC now owns 451 shares of the company's stock valued at $95,000 after buying an additional 98 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in e.l.f. Beauty in the second quarter valued at approximately $229,000. Finally, Park Avenue Securities LLC lifted its stake in e.l.f. Beauty by 15.9% in the second quarter. Park Avenue Securities LLC now owns 5,226 shares of the company's stock valued at $1,101,000 after buying an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Activity

In other news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 23,528 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ELF shares. UBS Group reduced their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Truist Financial cut their price target on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus cut their price target on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.53.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $9.01 during trading hours on Wednesday, hitting $136.42. The stock had a trading volume of 2,202,451 shares, compared to its average volume of 1,971,945. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 73.74, a PEG ratio of 2.86 and a beta of 1.49. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock's fifty day moving average is $114.89 and its two-hundred day moving average is $150.81.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty's revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

e.l.f. Beauty Company Profile

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.