PDT Partners LLC Purchases 24,445 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

PDT Partners LLC increased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 300.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,571 shares of the company’s stock after purchasing an additional 24,445 shares during the quarter. PDT Partners LLC owned approximately 0.06% of e.l.f. Beauty worth $3,551,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Verition Fund Management LLC raised its stake in e.l.f. Beauty by 46.8% in the third quarter. Verition Fund Management LLC now owns 160,627 shares of the company’s stock valued at $17,513,000 after buying an additional 51,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of e.l.f. Beauty by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 192,221 shares of the company’s stock worth $20,958,000 after acquiring an additional 4,434 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in e.l.f. Beauty by 5.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,589 shares of the company’s stock valued at $1,482,000 after acquiring an additional 762 shares during the period. FORA Capital LLC bought a new position in e.l.f. Beauty during the third quarter worth $3,372,000. Finally, Blueshift Asset Management LLC bought a new position in e.l.f. Beauty during the third quarter worth $514,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ELF. TD Cowen reduced their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Truist Financial decreased their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. UBS Group decreased their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Morgan Stanley lowered their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Stock Up 1.9 %

ELF stock opened at $129.61 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The business has a 50-day simple moving average of $113.65 and a 200 day simple moving average of $151.54. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.30 billion, a PE ratio of 70.06, a price-to-earnings-growth ratio of 2.79 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the previous year, the company earned $0.66 EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.