e.l.f. Beauty Inc (ELF) Now Covered by Analysts at Cowen and Company
Analysts at Cowen and Company began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other equities research analysts also recently issued reports on ELF. SunTrust Banks Inc. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They set a “buy” rating for the company. William Blair assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They set an “outperform” rating for the company. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They set an “overweight” rating for the company. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They set a “hold” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.00.
e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. The stock’s market capitalization is $83.73 million. The firm’s 50-day moving average is $26.37 and its 200 day moving average is $26.37. e.l.f. Beauty has a 12 month low of $23.73 and a 12 month high of $28.92.
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In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the transaction, the insider now directly owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
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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