Profund Advisors LLC Purchases Shares of 2,961 e.l.f. Beauty, Inc. (NYSE:ELF)

Posted by Defense World Staff on Sep 8th, 2023

Profund Advisors LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,961 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors have also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY lifted its holdings in e.l.f. Beauty by 5.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,984 shares of the company’s stock valued at $165,000 after purchasing an additional 151 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position in e.l.f. Beauty by 5.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,984 shares of the company’s stock worth $165,000 after acquiring an additional 151 shares during the last quarter. CWM LLC grew its stake in e.l.f. Beauty by 89.7% in the 1st quarter. CWM LLC now owns 385 shares of the company’s stock worth $32,000 after acquiring an additional 182 shares during the period. American International Group Inc. raised its holdings in e.l.f. Beauty by 0.7% in the 4th quarter. American International Group Inc. now owns 26,806 shares of the company’s stock valued at $1,482,000 after acquiring an additional 183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of e.l.f. Beauty by 1.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,452 shares of the company’s stock worth $1,767,000 after purchasing an additional 227 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Tiffany F. Daniele sold 1,253 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $139.09, for a total value of $174,279.77. Following the transaction, the director now owns 4,813 shares in the company, valued at approximately $669,440.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Tiffany F. Daniele sold 1,253 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $139.09, for a total transaction of $174,279.77. Following the completion of the sale, the director now owns 4,813 shares of the company’s stock, valued at $669,440.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 15,020 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $131.93, for a total transaction of $1,981,588.60. Following the transaction, the insider now directly owns 131,977 shares of the company’s stock, valued at $17,411,725.61. The disclosure for this sale can be found here. In the last three months, insiders sold 142,243 shares of company stock valued at $18,157,542. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James lifted their price objective on e.l.f. Beauty from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. DA Davidson raised their target price on shares of e.l.f. Beauty from $163.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $107.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Bank of America lifted their price target on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, Morgan Stanley boosted their price target on e.l.f. Beauty from $118.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.18.

Get Our Latest Research Report on ELF

e.l.f. Beauty Trading Up 3.0 %

Shares of ELF opened at $137.85 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.38 and a quick ratio of 2.48. e.l.f. Beauty, Inc. has a 12 month low of $36.77 and a 12 month high of $139.85. The stock has a market cap of $7.51 billion, a PE ratio of 77.88, a P/E/G ratio of 3.27 and a beta of 1.49. The stock’s 50-day moving average is $122.44 and its two-hundred day moving average is $100.71.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.51. e.l.f. Beauty had a return on equity of 26.43% and a net margin of 14.87%. The firm had revenue of $216.34 million during the quarter, compared to analysts’ expectations of $184.92 million. Equities analysts forecast that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current fiscal year.

e.l.f. Beauty Company Profile

(Free Report)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.