10,000 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Pinnacle Investment Management Ltd

Pinnacle Investment Management Ltd purchased a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $1,256,000. e.l.f. Beauty makes up 0.9% of Pinnacle Investment Management Ltd’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of ELF. Baillie Gifford & Co. grew its holdings in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after purchasing an additional 68,103 shares during the period. William Blair Investment Management LLC raised its holdings in e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after buying an additional 669,321 shares during the period. Champlain Investment Partners LLC lifted its stake in e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after buying an additional 1,111,550 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 17.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after buying an additional 264,296 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 2.4%

ELF opened at $81.48 on Wednesday. The company has a market capitalization of $4.60 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The business has a 50-day moving average of $62.83 and a 200-day moving average of $93.06.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Raymond James reduced their target price on e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. 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, Piper Sandler reduced their price objective on e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.47.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,618 shares of company stock worth $10,974,536. Insiders own 3.50% of the company’s stock.

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.