Evolus (EOLS) Stock Price Down 5.6%

Evolus Inc (NASDAQ:EOLS)’s share price fell 5.6% on Monday . The company traded as low as $21.11 and last traded at $22.19. 734,666 shares changed hands during trading, a decline of 27% from the average session volume of 999,827 shares. The stock had previously closed at $23.51.

A number of research firms have weighed in on EOLS. Cantor Fitzgerald reissued an “overweight” rating on shares of Evolus in a research note on Tuesday, March 19th. SunTrust Banks began coverage on Evolus in a research note on Wednesday, March 20th. They set a “buy” rating and a $30.00 price objective on the stock. HC Wainwright began coverage on Evolus in a research note on Thursday, February 14th. They set a “buy” rating and a $37.00 price objective on the stock. Zacks Investment Research lowered Evolus from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, Mizuho boosted their price objective on Evolus from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $30.71.

The company has a debt-to-equity ratio of 0.96, a current ratio of 14.80 and a quick ratio of 14.52. The firm has a market cap of $606.52 million, a PE ratio of -13.87 and a beta of 5.01.

Evolus (NASDAQ:EOLS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.82) by ($0.11). As a group, analysts expect that Evolus Inc will post -3.06 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Evolus by 104.9% during the third quarter. BlackRock Inc. now owns 615,719 shares of the company’s stock worth $11,465,000 after buying an additional 315,210 shares during the period. Inverness Counsel LLC NY acquired a new stake in Evolus in the fourth quarter worth $190,000. Citigroup Inc. raised its holdings in Evolus by 4,361.6% in the fourth quarter. Citigroup Inc. now owns 24,851 shares of the company’s stock worth $296,000 after purchasing an additional 24,294 shares during the period. Bank of New York Mellon Corp raised its holdings in Evolus by 32.6% in the third quarter. Bank of New York Mellon Corp now owns 20,367 shares of the company’s stock worth $379,000 after purchasing an additional 5,005 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new stake in Evolus in the fourth quarter worth $903,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

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About Evolus (NASDAQ:EOLS)

Evolus, Inc, a performance beauty company, provides medical aesthetic products for physicians and their patients in the United States. It offers Jeuveau, a proprietary 900 kilodalton purified botulinum toxin type A formulation for the temporary improvement in the appearance of moderate to severe glabellar lines in adults.

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