Whales with a lot of money to spend have taken a noticeably bearish stance on e.l.f. Beauty.
Looking at options history for e.l.f. Beauty (NYSE:ELF) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $135,790 and 6, calls, for a total amount of $314,620.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $230.0 for e.l.f. Beauty over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for e.l.f. Beauty's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across e.l.f. Beauty's significant trades, within a strike price range of $95.0 to $230.0, over the past month.
e.l.f. Beauty 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
About e.l.f. Beauty
e.l.f. Beauty Inc is a cosmetic company based in the United States. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out the sales within the US and internationally, out of which maximum revenue is generated from the US.
In light of the recent options history for e.l.f. Beauty, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is e.l.f. Beauty Standing Right Now?
- With a volume of 457,361, the price of ELF is down -0.48% at $196.88.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 56 days.
What The Experts Say On e.l.f. Beauty
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $222.0.
- In a cautious move, an analyst from DA Davidson downgraded its rating to Buy, setting a price target of $220.
- Reflecting concerns, an analyst from DA Davidson lowers its rating to Buy with a new price target of $220.
- An analyst from B of A Securities persists with their Buy rating on e.l.f. Beauty, maintaining a target price of $230.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Market Perform rating for e.l.f. Beauty, targeting a price of $220.
- An analyst from DA Davidson persists with their Buy rating on e.l.f. Beauty, maintaining a target price of $220.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for e.l.f. Beauty with Benzinga Pro for real-time alerts.
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