e.l.f. Beauty, Inc. (NYSE:ELF) Insider Kory Marchisotto Sells 51,350 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. This represents a 25.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

e.l.f. Beauty Trading Up 1.3 %

Shares of ELF traded up $0.78 during mid-day trading on Friday, reaching $61.44. The company's stock had a trading volume of 2,209,189 shares, compared to its average volume of 2,351,586. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The stock has a market cap of $3.47 billion, a PE ratio of 36.36, a P/E/G ratio of 6.76 and a beta of 1.41. The company's fifty day moving average price is $62.42 and its two-hundred day moving average price is $97.61. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ELF shares. Raymond James cut their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Truist Financial lowered their target price on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.41.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $27,000. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $30,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth $32,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.