e.l.f. Beauty Inc’s recently made public 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 $11.02 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 $0.21 million.
Morgan Stanley upgraded its e.l.f. Beauty Inc [ELF] rating to an Overweight from a an Equal-weight in a research note published on January 13, 2025; the price target was increased to $153 from $139. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Deutsche Bank began covering ELF with “Hold” recommendation on December 12, 2024. Truist maintained its rating on October 16, 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 -6.61% to $110.55. Over the last five days, the stock has lost -17.44%. e.l.f. Beauty Inc shares have fallen nearly -11.95% since the year began. Nevertheless, the stocks have fallen -29.22% over the past one year. While a 52-week high of $221.83 was reached on 01/15/25, a 52-week low of $98.50 was recorded on 01/24/25. SMA at 50 days reached $128.27, while 200 days put it at $148.76.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 107.10, which if violated will result in even more drops to 103.66. On the upside, there is a resistance level at 117.09. A further resistance level may holdings at 123.64. The Relative Strength Index (RSI) on the 14-day chart is 34.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.70%. Stochastics %K at 8.54% 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 2024-12-31, dropping by -0.37 million shares to a total of 5.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.36 million shares. There was a decline of -6.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2024 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $175 price target.
