e.l.f. Beauty Inc (ELF) Coverage Initiated by Analysts at Piper Jaffray Cos.
Investment analysts at Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued to investors on Monday. The brokerage set an “overweight” rating on the stock.
ELF has been the topic of a number of other research reports. JPMorgan Chase & Co. assumed coverage on e.l.f. Beauty in a report on Monday. They set a “neutral” rating and a $28.00 price target on the stock. Stifel Nicolaus assumed coverage on e.l.f. Beauty in a report on Monday. They set a “hold” rating and a $25.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of e.l.f. Beauty (NYSE:ELF) traded up 0.019% during mid-day trading on Monday, hitting $26.945. The stock had a trading volume of 139,727 shares. The firm’s market cap is $83.75 million. The stock’s 50-day moving average price is $26.38 and its 200-day moving average price is $26.38. e.l.f. Beauty has a 52-week low of $23.73 and a 52-week high of $28.92.
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In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the sale, the insider now directly owns 8,279,999 shares of the company’s stock, valued at approximately $130,906,784.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
About e.l.f. Beauty
e.l.f. Beauty, Inc is a holding company that offers its services in the cosmetics category. The Company’s cosmetics category consists of face makeup, eye makeup, lip products, nail products and cosmetics sets/kits, and excludes beauty tools and accessories, such as brushes and applicators. It offers various brands in the cosmetics industry.
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