Elevate Credit Company Profile (NASDAQ:ELVT)

About Elevate Credit (NASDAQ:ELVT)

Elevate Credit logoElevate Credit, Inc. provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools. Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. Sunny is the Company's United Kingdom installment loan product.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: NASDAQ:ELVT
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: $99.72 million
  • Outstanding Shares: 13,138,000
Average Prices:
  • 50 Day Moving Avg: $7.92
  • 200 Day Moving Avg: $7.92
  • 52 Week Range: $7.00 - $8.86
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 5.93
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $606.09 million
  • Price / Sales: 0.16
  • Book Value: $1.47 per share
  • Price / Book: 5.16
Profitability:
  • EBIDTA: $46.69 million
Misc:
  • Average Volume: 128,761 shs.
  • Short Ratio: 0.27
 

Frequently Asked Questions for Elevate Credit (NASDAQ:ELVT)

What is Elevate Credit's stock symbol?

Elevate Credit trades on the NASDAQ under the ticker symbol "ELVT."

How were Elevate Credit's earnings last quarter?

Elevate Credit Inc (NASDAQ:ELVT) released its quarterly earnings results on Monday, May, 8th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by $0.07. The company had revenue of $156.40 million for the quarter, compared to analysts' expectations of $155.69 million. The business's revenue was up 19.7% on a year-over-year basis. View Elevate Credit's Earnings History.

Where is Elevate Credit's stock going? Where will Elevate Credit's stock price be in 2017?

5 equities research analysts have issued twelve-month price targets for Elevate Credit's stock. Their predictions range from $9.00 to $12.00. On average, they expect Elevate Credit's stock price to reach $11.00 in the next twelve months. View Analyst Ratings for Elevate Credit.

Who are some of Elevate Credit's key competitors?

When did Elevate Credit IPO?

(ELVT) raised $100 million in an initial public offering (IPO) on Thursday, April 6th 2017. The company issued 7,700,000 shares at $12.00-$14.00 per share. UBS Securities, Credit Suisse and Jefferies served as the underwriters for the IPO and Stifel and William Blair were co-managers.

When did Elevate Credit's quiet period expire?

Elevate Credit's quiet period expired on Tuesday, May 16th. Elevate Credit had issued 12,400,000 shares in its public offering on April 6th. The total size of the offering was $80,600,000 based on an initial share price of $6.50. During Elevate Credit's quiet period, insiders and any underwriters involved in the IPO were prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

How do I buy Elevate Credit stock?

Shares of Elevate Credit can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Elevate Credit stock cost?

One share of Elevate Credit stock can currently be purchased for approximately $7.59.

Analyst Ratings

Consensus Ratings for Elevate Credit (NASDAQ:ELVT) (?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $11.00 (44.93% upside)

Analysts' Ratings History for Elevate Credit (NASDAQ:ELVT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/2/2017Credit Suisse Group AGInitiated CoverageOutperform -> Outperform$11.00HighView Rating Details
5/2/2017Jefferies Group LLCInitiated CoverageBuy -> Buy$12.00HighView Rating Details
5/1/2017William BlairInitiated CoverageOutperformHighView Rating Details
5/1/2017Stifel NicolausInitiated CoverageBuy -> Buy$12.00HighView Rating Details
4/18/2017Compass PointReiterated RatingNeutral$9.00MediumView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Elevate Credit (NASDAQ:ELVT)
Earnings by Quarter for Elevate Credit (NASDAQ:ELVT)
Earnings History by Quarter for Elevate Credit (NASDAQ:ELVT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017($0.01)$0.06$155.69 million$156.40 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Elevate Credit (NASDAQ:ELVT)
2017 EPS Consensus Estimate: $0.29
2018 EPS Consensus Estimate: $1.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.02)$0.00($0.01)
Q2 20172($0.07)$0.00($0.04)
Q3 20172$0.03$0.14$0.09
Q4 20172$0.23$0.26$0.25
Q1 20182$0.39$0.52$0.46
Q2 20182$0.22$0.23$0.23
Q3 20182$0.20$0.28$0.24
Q4 20182$0.27$0.39$0.33
Q1 20191$0.67$0.67$0.67
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Elevate Credit (NASDAQ:ELVT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Elevate Credit (NASDAQ:ELVT)
Insider Trades by Quarter for Elevate Credit (NASDAQ:ELVT)
Insider Trades by Quarter for Elevate Credit (NASDAQ:ELVT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/11/2017Christopher LutesCFOBuy40,000$6.50$260,000.00View SEC Filing  
4/11/2017Jason HarvisonCOOBuy3,070$6.50$19,955.00View SEC Filing  
4/11/2017Tyler W K HeadDirectorBuy4,002$6.50$26,013.00View SEC Filing  
4/10/2017Crossover Managemen TechnologyInsiderBuy80,000$6.50$520,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Elevate Credit (NASDAQ:ELVT)
Latest Headlines for Elevate Credit (NASDAQ:ELVT)
Source:
DateHeadline
americanbankingnews.com logo Elevate Credit Inc (ELVT) Given $11.00 Average Target Price by Brokerages
www.americanbankingnews.com - May 17 at 8:24 AM
finance.yahoo.com logoElevate Appoints Denise Russell as Head of Enterprise Risk Management
finance.yahoo.com - May 16 at 11:56 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for Elevate Credit Inc Reduced by Jefferies Group (ELVT)
www.americanbankingnews.com - May 12 at 10:20 AM
finance.yahoo.com logoThese Millennials Stress about Finances, Jobs and Living Arrangements
finance.yahoo.com - May 11 at 5:34 PM
americanbankingnews.com logoFY2017 Earnings Estimate for Elevate Credit Inc Issued By Jefferies Group (ELVT)
www.americanbankingnews.com - May 11 at 11:24 AM
americanbankingnews.com logoWilliam Blair Analysts Decrease Earnings Estimates for Elevate Credit Inc (ELVT)
www.americanbankingnews.com - May 10 at 8:30 AM
americanbankingnews.com logoElevate Credit Inc (ELVT) Posts Earnings Results, Beats Estimates By $0.07 EPS
www.americanbankingnews.com - May 9 at 5:26 PM
americanbankingnews.com logoElevate Credit Inc's Quiet Period Will Expire on May 16th (NASDAQ:ELVT)
www.americanbankingnews.com - May 9 at 8:22 AM
finance.yahoo.com logoElevate Credit Announces First Quarter 2017 Results
finance.yahoo.com - May 9 at 7:40 AM
americanbankingnews.com logo$154.41 Million in Sales Expected for Elevate Credit Inc (ELVT) This Quarter
www.americanbankingnews.com - May 4 at 12:26 PM
americanbankingnews.com logoAnalysts Offer Predictions for Elevate Credit Inc's Q1 2017 Earnings (ELVT)
www.americanbankingnews.com - May 4 at 8:04 AM
americanbankingnews.com logoElevate Credit Inc Expected to Earn Q1 2017 Earnings of $0.00 Per Share (ELVT)
www.americanbankingnews.com - May 4 at 8:04 AM
americanbankingnews.com logoZacks: Elevate Credit Inc (ELVT) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 2 at 10:46 PM
finance.yahoo.com logoElevate Announces Expanded Elastic Funding Capacity
finance.yahoo.com - May 2 at 7:00 PM
americanbankingnews.com logoElevate Credit Inc (ELVT) Coverage Initiated at William Blair
www.americanbankingnews.com - May 1 at 11:50 AM
americanbankingnews.com logoStifel Nicolaus Begins Coverage on Elevate Credit Inc (ELVT)
www.americanbankingnews.com - May 1 at 10:24 AM
finance.yahoo.com logoIPOs Tell Us The Market Is Moving Higher
finance.yahoo.com - April 28 at 6:01 PM
finance.yahoo.com logoElevate Appoints Tony Leopold as General Manager, Rise
finance.yahoo.com - April 21 at 11:50 AM
americanbankingnews.com logoElevate Credit Inc (ELVT) COO Buys $19,955.00 in Stock
www.americanbankingnews.com - April 14 at 7:41 PM
finance.yahoo.com logoInsiders Invest in Elevate Credit
finance.yahoo.com - April 13 at 8:44 PM
finance.yahoo.com logoElevate to Release First Quarter 2017 Earnings on Monday, May 8, 2017
finance.yahoo.com - April 13 at 8:44 PM
finance.yahoo.com logoElevate Announces Closing of Initial Public Offering
finance.yahoo.com - April 13 at 3:44 PM
americanbankingnews.com logoInsider Buying: Elevate Credit Inc (ELVT) Director Buys 4,002 Shares of Stock
www.americanbankingnews.com - April 13 at 8:05 AM
americanbankingnews.com logoElevate Credit Inc (ELVT) Insider Crossover Managemen Technology Acquires 80,000 Shares
www.americanbankingnews.com - April 13 at 8:03 AM
americanbankingnews.com logoElevate Credit Inc (ELVT) CFO Christopher Lutes Purchases 40,000 Shares
www.americanbankingnews.com - April 13 at 8:02 AM
americanbankingnews.com logoElevate Credit (ELVT) to Raise $100 Million in IPO
www.americanbankingnews.com - March 29 at 7:13 AM

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Elevate Credit (ELVT) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff