e.l.f. Beauty Inc’s filing revealed that its Chief Executive Officer AMIN TARANG unloaded Company’s shares for reported $0.12 million on Dec 06 ’24. In the deal valued at $137.60 per share,890 shares were sold. As a result of this transaction, AMIN TARANG now holds 99,699 shares worth roughly $12.45 million.
Then, Milsten Scott sold 530 shares, generating $72,928 in total proceeds. Upon selling the shares at $137.60, the now owns 68,853 shares.
Before that, Watson Maureen C. sold 785 shares. e.l.f. Beauty Inc shares valued at $102,050 were divested by the Director at a price of $130.00 per share. As a result of the transaction, Watson Maureen C. now holds 1,888 shares, worth roughly $0.24 million.
Goldman initiated its e.l.f. Beauty Inc [ELF] rating to a Buy in a research note published on December 13, 2024; the price target was $165. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. Truist also remained covering ELF and reiterated its “Buy” recommendation on October 16, 2024. B. Riley Securities started covering the stock on September 10, 2024. It rated ELF as “a Buy”.
Price Performance Review of ELF
On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -2.12% to $124.89. Over the last five days, the stock has gained 1.54%. e.l.f. Beauty Inc shares have fallen nearly -0.53% since the year began. Nevertheless, the stocks have fallen -19.26% over the past one year. While a 52-week high of $221.83 was reached on 01/07/25, a 52-week low of $98.50 was recorded on 01/03/25. SMA at 50 days reached $125.58, while 200 days put it at $151.28.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 122.86, which if violated will result in even more drops to 120.82. On the upside, there is a resistance level at 127.96. A further resistance level may holdings at 131.02. The Relative Strength Index (RSI) on the 14-day chart is 45.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.84%. Stochastics %K at 29.11% 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 2024-12-13, growing by 0.29 million shares to a total of 5.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.54 million shares. There was a rise of 5.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 09, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $190.
