Whales with a lot of money to spend have taken a noticeably bullish stance on e.l.f. Beauty.
Looking at options history for e.l.f. Beauty ELF we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $326,793 and 9, calls, for a total amount of $447,484.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $185.0 for e.l.f. Beauty over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for e.l.f. Beauty options trades today is 249.38 with a total volume of 2,856.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for e.l.f. Beauty's big money trades within a strike price range of $45.0 to $185.0 over the last 30 days.
e.l.f. Beauty Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ELF | CALL | TRADE | NEUTRAL | 08/16/24 | $160.00 | $98.5K | 89 | 32 |
| ELF | PUT | SWEEP | BULLISH | 02/09/24 | $180.00 | $78.7K | 77 | 57 |
| ELF | PUT | SWEEP | BEARISH | 01/16/26 | $145.00 | $69.9K | 16 | 26 |
| ELF | CALL | TRADE | BULLISH | 02/23/24 | $185.00 | $66.7K | 30 | 275 |
| ELF | CALL | TRADE | NEUTRAL | 03/01/24 | $175.00 | $64.9K | 317 | 104 |
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.
Present Market Standing of e.l.f. Beauty
- With a trading volume of 2,261,246, the price of ELF is down by -1.11%, reaching $171.4.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 105 days from now.
Professional Analyst Ratings for e.l.f. Beauty
5 market experts have recently issued ratings for this stock, with a consensus target price of $169.8.
- Maintaining their stance, an analyst from Stifel continues to hold a Hold rating for e.l.f. Beauty, targeting a price of $141.
- An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $168.
- Reflecting concerns, an analyst from Baird lowers its rating to Neutral with a new price target of $185.
- An analyst from JP Morgan persists with their Overweight rating on e.l.f. Beauty, maintaining a target price of $175.
- An analyst from Raymond James persists with their Strong Buy rating on e.l.f. Beauty, maintaining a target price of $180.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest e.l.f. Beauty options trades with real-time alerts from Benzinga Pro.
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