e.l.f. Beauty Inc (ELF) Coverage Initiated at Piper Jaffray Cos.
Analysts at Piper Jaffray Cos. initiated coverage on shares of e.l.f. Beauty Inc (NYSE:ELF) in a research note issued on Monday. The firm set an “overweight” rating and a $30.00 price target on the stock. Piper Jaffray Cos.’s target price points to a potential upside of 11.61% from the stock’s current price.
A number of other research analysts also recently commented on ELF. Stifel Nicolaus began coverage on shares of e.l.f. Beauty in a report on Monday. They issued a “hold” rating and a $25.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of e.l.f. Beauty in a research report on Monday. They issued a “neutral” rating and a $28.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. e.l.f. Beauty has an average rating of “Buy” and a consensus target price of $29.17.
e.l.f. Beauty (NYSE:ELF) opened at 26.88 on Monday. The stock’s market cap is $83.54 million. The stock has a 50 day moving average price of $26.46 and a 200 day moving average price of $26.46. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $28.92.
In other e.l.f. Beauty news, major shareholder Cosmetics Corp. J.A. sold 1,457,901 shares of e.l.f. Beauty stock in a transaction on 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 transaction, the insider now owns 8,279,999 shares of the company’s stock, valued at $130,906,784.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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