e.l.f. Beauty Inc (ELF) Research Coverage Started at Wells Fargo & Co.
Equities researchers at Wells Fargo & Co. started coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “market perform” rating on the stock.
A number of other equities research analysts also recently weighed in on ELF. JPMorgan Chase & Co. initiated coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “neutral” rating for the company. Stifel Nicolaus initiated coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “hold” rating and a $25.00 price target for the company. Finally, Piper Jaffray Cos. initiated coverage on shares of e.l.f. Beauty in a report on Monday. They issued an “overweight” 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 presently has a consensus rating of “Buy” and an average target price of $25.00.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. e.l.f. Beauty has a 1-year low of $23.73 and a 1-year high of $28.92. The firm’s 50-day moving average is $26.37 and its 200 day moving average is $26.37. The stock’s market capitalization is $83.73 million.
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In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link.
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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