In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to e.l.f. Beauty (ELF). The company’s shares closed last Wednesday at $22.94.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.6% and a 65.9% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and United Natural Foods.
e.l.f. Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $25.67, implying a 12.5% upside from current levels. In a report issued on January 20, Piper Sandler also downgraded the stock to Hold with a $24.00 price target.
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The company has a one-year high of $26.19 and a one-year low of $7.58. Currently, e.l.f. Beauty has an average volume of 923.4K.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ELF in relation to earlier this year.
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 the provision of cosmetic and skin-care product. It operates through the U.S and International geographical segments. The company focuses on the e-commerce, national retailers, and international business channels. Its product portfolio includes eyes, lips, face, kits, tools, and skin care categories. The company was founded in 2004 and is headquartered in Oakland, CA.
