Jefferies Downgrades elf Beauty Inc (ELF) to Hold


elf Beauty Inc (NYSE: ELF) received a Hold rating and a $13 price target from Jefferies analyst Stephanie Wissink today. The company’s shares closed yesterday at $14.91, close to its 52-week low of $13.36.

According to TipRanks.com, Wissink is a 3-star analyst with an average return of 1.6% and a 50.0% success rate. Wissink covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Build-A-Bear, and Sally Beauty.

Currently, the analyst consensus on elf Beauty Inc is a Moderate Buy with an average price target of $18.80, a 26.1% upside from current levels. In a report issued on July 26, Oppenheimer also downgraded the stock to Hold.

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The company has a one-year high of $26 and a one-year low of $13.36. Currently, elf Beauty Inc has an average volume of 506.2K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

e.l.f. Beauty, Inc. is a holding company, which engages in cosmetics and skin-care product. It operates through U.S and International geographical segments. The company sells cosmetics products through retail customers, e.l.f. stores and e-commerce channels. The company was founded on December 20, 2013 and is headquartered in Oakland, CA.

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