Cowen and Company started coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research report released on Monday. The brokerage issued an outperform rating and a $32.00 price target on the stock.

Several other brokerages also recently issued reports on ELF. SunTrust Banks Inc. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They set a buy rating and a $32.00 price objective on the stock. William Blair assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an outperform rating on the stock. Piper Jaffray Cos. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued an overweight rating and a $30.00 target price on the stock. 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 on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a report on Monday. They issued a neutral rating and a $28.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $29.17.

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

Shares of e.l.f. Beauty (NYSE:ELF) traded down 1.53% during mid-day trading on Monday, reaching $27.06. 45,086 shares of the company traded hands. The company’s market capitalization is $84.10 million. The stock’s 50-day moving average is $26.44 and its 200-day moving average is $26.44. e.l.f. Beauty has a 52 week low of $23.73 and a 52 week high of $28.92.

In related news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $15.81, for a total value of $23,049,414.81. Following the completion of the sale, the insider now owns 8,279,999 shares in the company, valued at $130,906,784.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

5 Day Chart for NYSE:ELF

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