e.l.f. Beauty Inc’s filing revealed that its Chief Executive Officer AMIN TARANG unloaded Company’s shares for reported $2.27 million on Sep 05 ’24. In the deal valued at $136.18 per share,16,688 shares were sold. As a result of this transaction, AMIN TARANG now holds 106,016 shares worth roughly $11.23 million.
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Then, AMIN TARANG sold 6,840 shares, generating $931,234 in total proceeds. Upon selling the shares at $136.15, the Chief Executive Officer now owns 211,087 shares.
Before that, TP AMIN IRREVOCABLE TRUST U/T/ bought 3,420 shares. e.l.f. Beauty Inc shares valued at $469,634 were divested by the Director at a price of $137.32 per share.
B. Riley Securities initiated its e.l.f. Beauty Inc [ELF] rating to a Buy in a research note published on September 10, 2024; the price target was $175. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Buy”‘ rating for it. Robert W. Baird also remained covering ELF and has increased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Canaccord Genuity maintained its rating on June 18, 2024. It rated ELF as “a Buy”.
Price Performance Review of ELF
On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock jump 0.68% to $105.89. Over the last five days, the stock has lost -5.93%. e.l.f. Beauty Inc shares have fallen nearly -26.64% since the year began. Nevertheless, the stocks have risen 6.44% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $88.47 was recorded on 10/03/24. SMA at 50 days reached $140.59, while 200 days put it at $168.29.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 104.93, which if violated will result in even more drops to 103.98. On the upside, there is a resistance level at 107.72. A further resistance level may holdings at 109.56. The Relative Strength Index (RSI) on the 14-day chart is 28.57, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.14%. Stochastics %K at 10.19% indicates the stock is a buying.
How much short interest is there in e.l.f. Beauty Inc?
A steep rise in short interest was recorded in e.l.f. Beauty Inc stocks on 2024-09-13, growing by 1.09 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.56 million shares. There was a rise of 23.49%, which implies that there is a positive sentiment for the stock.
