Vise Technologies Inc. Purchases 7,018 Shares of e.l.f. Beauty $ELF

Vise Technologies Inc. purchased a new stake in e.l.f. Beauty (NYSE:ELF) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,018 shares of the company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in e.l.f. Beauty by 64.5% in the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. Continuum Advisory LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at $31,000. Signaturefd LLC boosted its stake in e.l.f. Beauty by 86.5% in the third quarter. Signaturefd LLC now owns 513 shares of the company’s stock worth $52,000 after purchasing an additional 238 shares in the last quarter. State of Wyoming acquired a new position in e.l.f. Beauty in the second quarter worth $40,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 378.5% in the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after buying an additional 564 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.6%

Shares of NYSE:ELF opened at $118.62 on Wednesday. The company has a 50 day moving average price of $106.77 and a two-hundred day moving average price of $82.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.89 and a current ratio of 2.57. The company has a market capitalization of $7.02 billion, a PE ratio of 81.81, a PEG ratio of 2.96 and a beta of 1.60. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $123.13.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. The company had revenue of $520.82 million during the quarter, compared to analyst estimates of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The firm’s revenue was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Analysts forecast that e.l.f. Beauty will post 2.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ELF. B. Riley Financial reissued a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a report on Wednesday, September 16th. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, August 6th. Bank of America lifted their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Finally, UBS Group upped their target price on shares of e.l.f. Beauty from $116.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.88.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total value of $1,679,113.80. Following the sale, the insider owned 90,896 shares of the company’s stock, valued at $9,500,449.92. This trade represents a 15.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 47,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $103.31, for a total value of $4,855,570.00. Following the transaction, the chief executive officer directly owned 134,496 shares of the company’s stock, valued at $13,894,781.76. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 91,821 shares of company stock valued at $9,624,513 in the last quarter. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.