Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. e.l.f. Beauty Inc shares valued at $2,157,285 were sold by Franks Joshua Allen on Apr 23 ’24. At $172.50 per share, Franks Joshua Allen sold 12,506 shares. The insider’s holdings dropped to 86,237 shares worth approximately $13.67 million following the completion of this transaction.
Also, FIELDS MANDY J sold 1,250 shares, netting a total of over 218,625 in proceeds. Following the sale of shares at $174.90 each, the insider now holds 77,146 shares.
Before that, MARCHISOTTO KORY had sold 24,992 shares from its account. In a trade valued at $3,961,483, the insider traded e.l.f. Beauty Inc shares for $158.51 each. Upon closing the transaction, the insider’s holdings decreased to 24,992 shares, worth approximately $20.92 million.
As published in a research note from TD Cowen on April 17, 2024, e.l.f. Beauty Inc [ELF] has been rated up from a Hold to a Buy and the price target has been revised to $190 from $220. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in late January. As of January 22, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for ELF. Earlier on October 23, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for ELF stock which previously was a “an Outperform”.
Analyzing ELF Stock Performance
During the last five days, there has been a drop of approximately -10.43%. Over the course of the year, e.l.f. Beauty Inc shares have jumped approximately 9.82%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $131.50 on 01/02/24. A 50-day SMA is recorded $185.60, while a 200-day SMA reached $142.49. Nevertheless, trading volume fell to 1.59 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for e.l.f. Beauty Inc (ELF)
According to the 24-hour chart, there is a support level at 154.49, which, if violated, would cause prices to drop to 150.45. In the upper region, resistance lies at 162.57. The next price resistance is at 166.61. RSI (Relative Strength Index) is 38.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 83.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
