Stock analysts at Wells Fargo & Co. initiated coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued to investors on Monday. The firm set a “market perform” rating on the stock.

A number of other equities research analysts also recently issued reports on ELF. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an “overweight” rating for the company. Stifel Nicolaus assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “hold” rating and a $25.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “neutral” 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 stock. e.l.f. Beauty has a consensus 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. e.l.f. Beauty has a one year low of $23.73 and a one year high of $28.92. The firm’s market capitalization is $83.73 million. The stock has a 50 day moving average of $26.37 and a 200-day moving average of $26.37.

In other e.l.f. Beauty 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 directly owns 8,279,999 shares in the company, valued at $130,906,784.19. The transaction was disclosed in a legal filing with the SEC, which is available 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.

5 Day Chart for NYSE:ELF

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