MML Investors Services LLC Buys 7,865 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

MML Investors Services LLC raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 54.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,324 shares of the company's stock after purchasing an additional 7,865 shares during the period. MML Investors Services LLC's holdings in e.l.f. Beauty were worth $2,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock valued at $38,000 after acquiring an additional 146 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in e.l.f. Beauty in the second quarter worth approximately $80,000. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ELF shares. B. Riley lowered their price target on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Truist Financial lowered their target price on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a research report on Friday. They set a "buy" rating and a $165.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $170.65.

e.l.f. Beauty Stock Down 0.2 %

NYSE:ELF traded down $0.26 during trading hours on Monday, hitting $140.37. 1,929,524 shares of the company's stock traded hands, compared to its average volume of 1,960,992. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market cap of $7.91 billion, a P/E ratio of 75.88, a P/E/G ratio of 3.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock's fifty day moving average price is $119.74 and its two-hundred day moving average price is $148.38.

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

Insiders Place Their Bets

In other news, insider Scott Milsten sold 530 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company's stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

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.