e.l.f. Beauty Inc’s recently made public that its SVP, Operations Franks Joshua Allen unloaded Company’s shares for reported $1.35 million on Mar 08 ’24. In the deal valued at $206.32 per share,6,540 shares were sold. As a result of this transaction, Franks Joshua Allen now holds 84,463 shares worth roughly $13.76 million.
Then, AMIN TARANG sold 23,519 shares, generating $4,677,740 in total proceeds. Upon selling the shares at $198.89, the Chief Executive Officer now owns 10,889 shares.
Before that, Tait Gayle sold 835 shares. e.l.f. Beauty Inc shares valued at $172,010 were divested by the Director at a price of $206.00 per share. As a result of the transaction, Tait Gayle now holds 3,020 shares, worth roughly $0.49 million.
Robert W. Baird initiated its e.l.f. Beauty Inc [ELF] rating to a Neutral in a research note published on January 30, 2024; the price target was $185. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal-weight”. Raymond James also remained covering ELF and has increased its forecast on October 23, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. Jefferies revised its rating on October 06, 2023. It rated ELF as “a Buy” which previously was an “a Hold”.
Price Performance Review of ELF
On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -2.58% to $162.91. Over the last five days, the stock has gained 0.95%. e.l.f. Beauty Inc shares have risen nearly 12.87% since the year began. Nevertheless, the stocks have risen 90.29% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $83.80 was recorded on 01/02/24. SMA at 50 days reached $186.20, while 200 days put it at $138.96. A total of 1.23 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 160.43, which if violated will result in even more drops to 157.95. On the upside, there is a resistance level at 166.73. A further resistance level may holdings at 170.55. The Relative Strength Index (RSI) on the 14-day chart is 34.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.05%. Stochastics %K at 10.60% indicates the stock is a buying.
The most recent change occurred on September 27, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $138 price target.
