Oppenheimer Assigns a Hold Rating on elf Beauty Inc (ELF)


In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to elf Beauty Inc (ELF). The company’s shares closed yesterday at $7.95, close to its 52-week low of $6.71.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.9% and a 64.1% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on elf Beauty Inc is a Hold with an average price target of $7.97, a 0.3% upside from current levels. In a report issued on February 27, BMO Capital also maintained a Hold rating on the stock with a $7 price target.

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The company has a one-year high of $20.75 and a one-year low of $6.71. Currently, elf Beauty Inc has an average volume of 564.3K.

Based on the recent corporate insider activity of 53 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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