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 ELF we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $277,450 and 18, calls, for a total amount of $1,733,703.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $160.0 for e.l.f. Beauty over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for e.l.f. Beauty options trades today is 369.8 with a total volume of 7,703.00.
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 $80.0 to $160.0 over the last 30 days.
e.l.f. Beauty Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ELF | CALL | SWEEP | BEARISH | 01/16/26 | $14.5 | $14.4 | $14.4 | $160.00 | $375.8K | 1.8K | 262 |
| ELF | CALL | SWEEP | NEUTRAL | 11/08/24 | $3.9 | $3.7 | $3.7 | $110.00 | $284.1K | 606 | 1.3K |
| ELF | CALL | TRADE | BEARISH | 11/08/24 | $7.6 | $7.2 | $7.3 | $103.00 | $216.8K | 17 | 634 |
| ELF | PUT | SWEEP | BEARISH | 02/21/25 | $6.9 | $6.7 | $6.8 | $80.00 | $153.3K | 530 | 233 |
| ELF | CALL | SWEEP | BEARISH | 11/22/24 | $5.4 | $4.9 | $4.85 | $116.00 | $96.9K | 4 | 200 |
About e.l.f. Beauty
e.l.f. Beauty Inc is a multi-brand beauty company that offers inclusive, accessible, clean, vegan and cruelty-free cosmetics and skin care products. The Company's mission is to make the best of beauty accessible to every eye, lip, face, and skin concern. 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 sales within the US and internationally, out of which maximum revenue is generated from the US.
Following our analysis of the options activities associated with e.l.f. Beauty, we pivot to a closer look at the company's own performance.
Current Position of e.l.f. Beauty
- Trading volume stands at 2,271,833, with ELF's price down by -8.01%, positioned at $98.55.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 0 days.
What Analysts Are Saying About e.l.f. Beauty
5 market experts have recently issued ratings for this stock, with a consensus target price of $165.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for e.l.f. Beauty, targeting a price of $130. * Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for e.l.f. Beauty, targeting a price of $223. * Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on e.l.f. Beauty with a target price of $175. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on e.l.f. Beauty with a target price of $167. * An analyst from Stifel has decided to maintain their Hold rating on e.l.f. Beauty, which currently sits at a price target of $131.
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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