This Is What Whales Are Betting On e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards e.l.f. Beauty (NYSE:ELF), with 61% of notable options activities being bearish. The trading activity suggests a price range of $170.0 to $240.0 for ELF over the next three months. Analysts have mixed ratings, with price targets ranging from $151 to $235.
June 12, 2024 | 5:01 pm
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Deep-pocketed investors have adopted a bearish approach towards e.l.f. Beauty (NYSE:ELF), with 61% of notable options activities being bearish. The trading activity suggests a price range of $170.0 to $240.0 for ELF over the next three months. Analysts have mixed ratings, with price targets ranging from $151 to $235.
The significant bearish sentiment among large investors, as indicated by the options activity, suggests a potential short-term decline in ELF's stock price. The mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100