Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. e.l.f. Beauty Inc shares valued at $122,464 were sold by AMIN TARANG on Dec 06 ’24. At $137.60 per share, AMIN TARANG sold 890 shares. The insider’s holdings dropped to 99,699 shares worth approximately $12.8 million following the completion of this transaction.
Also, Milsten Scott sold 530 shares, netting a total of over 72,928 in proceeds. Following the sale of shares at $137.60 each, the insider now holds 68,853 shares.
Before that, Watson Maureen C. had sold 785 shares from its account. In a trade valued at $102,050, the Director traded e.l.f. Beauty Inc shares for $130.00 each. Upon closing the transaction, the insider’s holdings decreased to 785 shares, worth approximately $0.24 million.
As published in a research note from Morgan Stanley on January 13, 2025, e.l.f. Beauty Inc [ELF] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $153 from $139. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 12, 2024, Deutsche Bank has initiated its “Hold” rating for ELF. Earlier on October 16, 2024, Truist resumed its rating. Their recommendation was “a Buy” for ELF stock.
Analyzing ELF Stock Performance
During the last five days, there has been a surge of approximately 0.52%. Over the course of the year, e.l.f. Beauty Inc shares have jumped approximately 2.28%. Shares of the company reached a 52-week high of $137.19 on 01/15/25 and a 52-week low of $122.89 on 01/03/25. A 50-day SMA is recorded $126.87, while a 200-day SMA reached $150.29. Nevertheless, trading volume fell to 2.33 million shares from 1.0 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 124.59, which, if violated, would cause prices to drop to 120.76. In the upper region, resistance lies at 134.71. The next price resistance is at 141.01. RSI (Relative Strength Index) is 49.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.84, which suggests the price will increase in the coming days. Percent R is at 61.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
