e.l.f. Beauty Inc. (NYSE: ELF) is 88.34% higher on its value in year-to-date trading and has touched a low of $20.89 and a high of $97.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ELF stock was last observed hovering at around $86.45 in the last trading session, with the day’s gains setting it 17.7% off its average median price target of $110.00 for the next 12 months. It is also 13.93% off the consensus price target high of $121.00 offered by 13 analysts, but current levels are -19.71% lower than the price target low of $87.00 for the same period.
Currently trading at $104.15, the stock is 16.12% and 21.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.08 million and changing 20.47% at the moment leaves the stock 73.31% off its SMA200. ELF registered 394.77% gain for a year compared to 6-month gain of 91.80%. The firm has a 50-day simple moving average (SMA 50) of $9.03 and a 200-day simple moving average (SMA200) of $54.43.
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The stock witnessed a 10.97% loss in the last 1 month and extending the period to 3 months gives it a 42.01%, and is 14.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.73% over the week and 3.60% over the month.
e.l.f. Beauty Inc. (ELF) has around 303 employees, a market worth around $5.60B and $496.60M in sales. Current P/E ratio is 122.10 and Fwd P/E is 63.54. Profit margin for the company is 9.40%. Distance from 52-week low is 398.56% and 7.34% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).
e.l.f. Beauty Inc. (ELF) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for e.l.f. Beauty Inc. (ELF) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
e.l.f. Beauty Inc. is expected to release its quarterly report on 08/03/2023.The EPS is expected to grow by 238.50% this year
e.l.f. Beauty Inc. (ELF) Top Institutional Holders
The shares outstanding are 52.71M, and float is at 50.07M with Short Float at 3.44%.
e.l.f. Beauty Inc. (ELF) Insider Activity
A total of 85 insider transactions have happened at e.l.f. Beauty Inc. (ELF) in the last six months, with sales accounting for 71 and purchases happening 14 times. The most recent transaction is an insider sale by AMIN TARANG, the company’s Chief Executive Officer. SEC filings show that AMIN TARANG sold 39,740 shares of the company’s common stock on May 05 at a price of $88.47 per share for a total of $3.52 million. Following the sale, the insider now owns 0.29 million shares.
e.l.f. Beauty Inc. disclosed in a document filed with the SEC on May 05 that AMIN TARANG (Chief Executive Officer) sold a total of 16,664 shares of the company’s common stock. The trade occurred on May 05 and was made at $88.49 per share for $1.47 million. Following the transaction, the insider now directly holds 0.31 million shares of the ELF stock.
Still, SEC filings show that on Apr 24, FIELDS MANDY J () disposed off 20,940 shares at an average price of $94.77 for $1.98 million. The insider now directly holds 121,786 shares of e.l.f. Beauty Inc. (ELF).