Zevenbergen Capital Investments LLC Sells 15,414 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Zevenbergen Capital Investments LLC trimmed its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620,727 shares of the company's stock after selling 15,414 shares during the period. e.l.f. Beauty comprises about 1.6% of Zevenbergen Capital Investments LLC's holdings, making the stock its 20th largest position. Zevenbergen Capital Investments LLC owned approximately 1.10% of e.l.f. Beauty worth $77,932,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $32,000. Financial Life Planners purchased a new position in e.l.f. Beauty during the 4th quarter worth $46,000. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth $65,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ELF shares. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Raymond James dropped their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 7th. B. Riley restated a "buy" rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler decreased their price target on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Five investment 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.65.

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e.l.f. Beauty Stock Performance

ELF stock traded up $0.42 during midday trading on Tuesday, reaching $65.29. 1,995,363 shares of the company's stock traded hands, compared to its average volume of 2,227,013. e.l.f. Beauty, Inc. has a 52 week low of $60.35 and a 52 week high of $219.77. The company has a 50-day moving average price of $84.37 and a two-hundred day moving average price of $107.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a market capitalization of $3.68 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

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

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Company Profile

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.