Somewhat Favorable Media Coverage Somewhat Unlikely to Affect e.l.f. Beauty (ELF) Share Price
Media headlines about e.l.f. Beauty (NYSE:ELF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. e.l.f. Beauty earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.355013766835 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- E.L.F Beauty CEO on the winning formula in the marketplac… (finance.yahoo.com)
- Edited Transcript of ELF.N earnings conference call or presentation 9-Aug-17 8:30pm GMT (finance.yahoo.com)
- Insider Selling: e.l.f. Beauty Inc. (ELF) Insider Sells 6,000 Shares of Stock (americanbankingnews.com)
- e.l.f. Beauty Inc. Grabs Market Share as Sales Rise 27% (pantagraph.com)
- Is e.l.f. Beauty More Attractive Yet? (finance.yahoo.com)
Shares of e.l.f. Beauty (NYSE:ELF) opened at 25.19 on Friday. e.l.f. Beauty has a 12 month low of $22.98 and a 12 month high of $32.54. The company has a 50-day moving average price of $25.77 and a 200-day moving average price of $26.42. The firm’s market capitalization is $1.16 billion.
e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.86% and a net margin of 4.16%. The business had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. The business’s revenue was up 26.8% on a year-over-year basis. Equities analysts forecast that e.l.f. Beauty will post $0.46 EPS for the current fiscal year.
ELF has been the subject of several recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $34.00 price objective on shares of e.l.f. Beauty in a research note on Monday, May 1st. BMO Capital Markets set a $38.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, May 9th. Cowen and Company set a $34.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Jefferies Group LLC initiated coverage on e.l.f. Beauty in a research note on Friday, June 2nd. They set a “buy” rating and a $30.00 price objective for the company. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. e.l.f. Beauty presently has an average rating of “Buy” and a consensus target price of $30.98.
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In other news, insider Tarang Amin sold 47,380 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.00, for a total value of $1,184,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 6,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $24.78, for a total value of $148,680.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,078 shares of company stock valued at $4,434,318. 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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