Morgan Stanley Begins Coverage on e.l.f. Beauty Inc (ELF)
Morgan Stanley began coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report issued on Monday, The Fly reports. The brokerage set an “equal weight” rating on the stock.
Other equities analysts have also issued research reports about the stock. SunTrust Banks Inc. initiated coverage on shares of e.l.f. Beauty in a research report on Monday. They set a “buy” rating for the company. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “hold” rating and a $25.00 target price on the stock. Wells Fargo & Co. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued a “neutral” rating on the stock. Finally, Cowen and Company assumed coverage on shares of e.l.f. Beauty in a research note on Monday. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. e.l.f. Beauty has an average rating of “Buy” and a consensus target price of $25.00.
Shares of e.l.f. Beauty (NYSE:ELF) opened at 26.94 on Monday. The stock’s 50 day moving average is $26.37 and its 200-day moving average is $26.37. e.l.f. Beauty has a 52 week low of $23.73 and a 52 week high of $28.92. The company’s market cap is $83.73 million.
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In other 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 shares were sold at an average price of $15.81, for a total transaction of $23,049,414.81. Following the completion of the transaction, 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 available through 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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