Elevate 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
- Market Cap: $99.72 million
- Outstanding Shares: 13,138,000
- 50 Day Moving Avg: $7.92
- 200 Day Moving Avg: $7.92
- 52 Week Range: $7.00 - $8.86
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 5.93
- P/E Growth: 0.00
- Annual Revenue: $606.09 million
- Price / Sales: 0.16
- Book Value: $1.47 per share
- Price / Book: 5.16
- 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?
Some companies that are related to Elevate Credit include Approach Resources (AREX), LCNB Corp. (LCNB), Noodles & Co (NDLS), Iteris (ITI), UFP Technologies (UFPT), ConforMIS (CFMS), USA Technologies (USAT), CSI Compressco LP (CCLP), Clearfield (CLFD), Exa Corp (EXA), Century Casinos (CNTY), Immune Design Corp (IMDZ), Hallmark Financial Services (HALL), Guidance Software (GUID), Stemline Therapeutics (STML), Fortress Biotech (FBIO), Dmc Global (BOOM) and Twin Disc, Incorporated (TWIN).
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.
Earnings History for Elevate Credit (NASDAQ:ELVT)Earnings History by Quarter for Elevate Credit (NASDAQ:ELVT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||Q1 2017||($0.01)||$0.06||$155.69 million||$156.40 million||View||N/A|
Earnings Estimates for Elevate Credit (NASDAQ:ELVT)
2017 EPS Consensus Estimate: $0.29
2018 EPS Consensus Estimate: $1.25
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Elevate Credit (NASDAQ:ELVT)
No dividend announcements for this company have been tracked by MarketBeat.com
Headline Trends for Elevate Credit (NASDAQ:ELVT)
Latest Headlines for Elevate Credit (NASDAQ:ELVT)
Elevate Credit (ELVT) Chart for Thursday, May, 25, 2017