NYSE:ELVT - Elevate Credit Stock Price, Forecast & News

Elevate Credit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELVT."

Elevate Credit Inc (NYSE:ELVT) posted its quarterly earnings data on Monday, November, 4th. The company reported $0.11 EPS for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.10. The company had revenue of $192.80 million for the quarter, compared to analyst estimates of $193.34 million. Elevate Credit had a return on equity of 20.93% and a net margin of 3.65%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) earnings per share. View Elevate Credit's Earnings History.

Elevate Credit is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Elevate Credit.

Elevate Credit will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Elevate Credit updated its FY19 earnings guidance on Monday, November, 4th. The company provided earnings per share guidance of $0.63-0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $740-750 million, compared to the consensus revenue estimate of $763.57 million.

5 Wall Street analysts have issued 1 year price targets for Elevate Credit's shares. Their forecasts range from $5.00 to $10.00. On average, they expect Elevate Credit's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 49.3% from the stock's current price. View Analyst Price Targets for Elevate Credit.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Elevate Credit.

News articles about ELVT stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elevate Credit earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Elevate Credit.

Elevate Credit saw a increase in short interest in December. As of December 31st, there was short interest totalling 373,500 shares, an increase of 17.4% from the December 15th total of 318,100 shares. Based on an average daily volume of 115,800 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.6% of the company's shares are short sold. View Elevate Credit's Current Options Chain.

Some companies that are related to Elevate Credit include Oportun Financial (OPRT), Yirendai (YRD), America First Multifamily Investors (ATAX), Curo Group (CURO), CNFinance (CNF), On Deck Capital (ONDK), X Financial (XYF), Wins Finance (WINS), Jiayin Group (JFIN), Weidai (WEI), Medallion Financial (MFIN), Security National Financial (SNFCA), Consumer Portfolio Services (CPSS), Mogo Finance Technology (MOGO) and Fincera (YUANF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Allena Pharmaceuticals (ALNA), Micron Technology (MU), NVIDIA (NVDA), Enova International (ENVA), Abraxas Petroleum (AXAS), Corbus Pharmaceuticals (CRBP), Extreme Networks (EXTR), Funko (FNKO), Genocea Biosciences (GNCA) and Huntington Bancshares (HBAN).

(ELVT) raised $100 million in an initial public offering on Thursday, April 6th 2017. The company issued 7,700,000 shares at a price of $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.

Elevate Credit's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.36%). Company insiders that own Elevate Credit stock include Bradley R Strock, David Curry Peterson, Jason Harvison, John C Dean, Kenneth E Rees, Scff Management Llc, Sequoia Capital Growth Fund Ii, Stephen J Shaper and Tyler W K Head. View Institutional Ownership Trends for Elevate Credit.

ELVT stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have bought Elevate Credit stock in the last two years include Bradley R Strock, John C Dean and Stephen J Shaper. View Insider Buying and Selling for Elevate Credit.

Shares of ELVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ELVT stock can currently be purchased for approximately $4.69.

Elevate Credit has a market capitalization of $207.10 million and generates $786.68 million in revenue each year. The company earns $12.51 million in net income (profit) each year or $0.39 on an earnings per share basis. Elevate Credit employs 685 workers across the globe.View Additional Information About Elevate Credit.

The official website for Elevate Credit is http://www.elevate.com/.

Elevate Credit's mailing address is 4150 INTERNATIONAL PLAZA SUITE 300, FORT WORTH TX, 76109. The company can be reached via phone at 817-928-1500 or via email at [email protected]