Morgan Stanley Begins Coverage on e.l.f. Beauty Inc (ELF)
Analysts at Morgan Stanley began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “equal weight” rating on the stock.
A number of other brokerages have also recently weighed in on ELF. Cowen and Company began coverage on shares of e.l.f. Beauty in a report on Monday. They issued an “outperform” rating for the company. SunTrust Banks Inc. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set a “buy” rating for the company. William Blair assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set an “outperform” rating for the company. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set an “overweight” rating for the company. Finally, Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a report on Monday. They set a “hold” rating and a $25.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.00.
e.l.f. Beauty (NYSE:ELF) traded down 0.1537% during midday trading on Monday, reaching $26.8986. 30,263 shares of the company were exchanged. The company’s market capitalization is $83.60 million. The firm has a 50-day moving average price of $26.37 and a 200-day moving average price of $26.37. 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 news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 8,279,999 shares in the company, valued at approximately $130,906,784.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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