Zevenbergen Capital Investments LLC Sells 15,414 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Zevenbergen Capital Investments LLC trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 620,727 shares of the company’s stock after selling 15,414 shares during the period. e.l.f. Beauty comprises approximately 1.6% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 20th largest holding. Zevenbergen Capital Investments LLC owned about 1.10% of e.l.f. Beauty worth $77,932,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth $25,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth about $32,000. Financial Life Planners bought a new position in e.l.f. Beauty during the fourth quarter worth about $46,000. Finally, First Horizon Advisors Inc. lifted its holdings in e.l.f. Beauty by 70.4% during the third quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock worth $61,000 after acquiring an additional 231 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ELF. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. DA Davidson decreased their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 0.8 %

e.l.f. Beauty stock opened at $62.91 on Monday. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77. The stock has a market cap of $3.55 billion, a P/E ratio of 37.22, a P/E/G ratio of 6.76 and a beta of 1.60. The company’s 50-day moving average price is $85.71 and its two-hundred day moving average price is $107.68. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.