e.l.f. Beauty Inc (ELF) Receives New Coverage from Analysts at JPMorgan Chase & Co.
Research analysts at JPMorgan Chase & Co. began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued to investors on Monday. The firm set a “neutral” rating and a $28.00 price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 1.89% from the stock’s previous close.
e.l.f. Beauty (NYSE:ELF) traded up 2.00% on Monday, reaching $27.48. 412,442 shares of the company traded hands. The company’s market capitalization is $85.41 million. e.l.f. Beauty has a one year low of $23.73 and a one year high of $28.92. The stock’s 50 day moving average price is $26.37 and its 200 day moving average price is $26.37.
In other news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of 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 filing with the SEC, which is available at the SEC website.
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e.l.f. Beauty Company Profile
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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