e.l.f. Beauty Inc (NYSE:ELF) shares traded 11.43% higher at $116.07 on Wall Street last session.
ELF stock price is now 2.66% away from the 50-day moving average and -28.91% away from the 200-day moving average. The market capitalization of the company currently stands at $6.54B.
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With the price target reduced from $210 to $130, Truist maintained Buy rating for e.l.f. Beauty Inc (NYSE: ELF). On September 10, 2024, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $175, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, AMIN TARANG, Chief Executive Officer sold 16,688 shares of the company’s stock on Sep 05 ’24. The stock was sold for $2,272,639 at an average price of $136.18. Upon completion of the transaction, the Chief Executive Officer now directly owns 106,016 shares in the company, valued at $12.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Chief Executive Officer AMIN TARANG sold 6,840 shares of the business’s stock. A total of $931,234 was realized by selling the stock at an average price of $136.15. This leaves the insider owning 211,087 shares of the company worth $24.5 million. A total of 4.05% of the company’s stock is owned by insiders.
During the past 12 months, e.l.f. Beauty Inc has had a low of $92.16 and a high of $221.83. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.78, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $6734649344, which is based on a 62.61 price-to-earnings ratio, a 3.76 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for ELF is $113.8032 and a two-hundred day moving average price translates $163.4641 for the stock.
The latest earnings results from e.l.f. Beauty Inc (NYSE: ELF) was released for 2024-09-30. The net profit margin was 8.87% and return on equity was 17.36% for ELF. The company reported revenue of $324.48 million for the quarter, compared to $216.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.99 percent.
