Somewhat Positive Media Coverage Somewhat Unlikely to Affect e.l.f. Beauty (ELF) Stock Price
News stories about e.l.f. Beauty (NYSE:ELF) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. e.l.f. Beauty earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6862026698007 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- e.l.f. Beauty Inc. (ELF) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Zacks: Analysts Expect e.l.f. Beauty Inc. (ELF) Will Announce Quarterly Sales of $55.05 Million (americanbankingnews.com)
- e.l.f. Beauty Inc. (NYSE:ELF) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- $0.01 Earnings Per Share Expected for e.l.f. Beauty Inc. (NYSE:ELF) This Quarter (americanbankingnews.com)
A number of brokerages have weighed in on ELF. Cowen and Company set a $34.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 11th. Piper Jaffray Companies set a $34.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, May 9th. BMO Capital Markets set a $38.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $30.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. e.l.f. Beauty currently has a consensus rating of “Buy” and a consensus target price of $31.14.
e.l.f. Beauty (NYSE ELF) opened at 24.82 on Monday. The stock’s market cap is $1.13 billion. The stock’s 50 day moving average price is $26.10 and its 200 day moving average price is $26.53. e.l.f. Beauty has a 12-month low of $23.73 and a 12-month high of $32.54.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The firm had revenue of $60.60 million for the quarter, compared to analysts’ expectations of $59.87 million. e.l.f. Beauty’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts forecast that e.l.f. Beauty will post $0.43 EPS for the current fiscal year.
In other news, insider Tarang Amin sold 47,380 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $26.09, for a total value of $1,236,144.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Bailey sold 6,159 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $26.18, for a total transaction of $161,242.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,698 shares of company stock valued at $3,101,138. Corporate insiders own 16.50% of the company’s stock.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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