Tidal Investments LLC Sells 6,787 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Tidal Investments LLC trimmed its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 43.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,987 shares of the company’s stock after selling 6,787 shares during the period. Tidal Investments LLC’s holdings in e.l.f. Beauty were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty in the second quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty during the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ELF. B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Bank of America reduced their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Piper Sandler restated an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Morgan Stanley reduced their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.82.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Trading Up 1.5 %

Shares of NYSE:ELF opened at $129.09 on Friday. The business has a 50-day moving average price of $121.23 and a 200-day moving average price of $147.74. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 69.78, a PEG ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.