In a filing, e.l.f. Beauty Inc revealed 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 $10.93 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.
Truist reiterated its e.l.f. Beauty Inc [ELF] rating to a Buy in a research note published on October 16, 2024; the price target was $130. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. BofA Securities also remained covering ELF and reiterated its “Buy” recommendation on September 09, 2024. Robert W. Baird revised its rating on July 18, 2024. It rated ELF as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ELF
On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -2.02% to $103.12. Over the last five days, the stock has lost -6.58%. e.l.f. Beauty Inc shares have fallen nearly -28.56% since the year began. Nevertheless, the stocks have risen 9.08% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $89.50 was recorded on 10/07/24. SMA at 50 days reached $117.07, while 200 days put it at $164.23.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 101.23, which if violated will result in even more drops to 99.35. On the upside, there is a resistance level at 106.89. A further resistance level may holdings at 110.67. The Relative Strength Index (RSI) on the 14-day chart is 39.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 43.88% indicates the stock is a holding.
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 2024-10-15, dropping by -0.17 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.65 million shares. There was a decline of -3.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 18, 2024 when Canaccord Genuity resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $250.
