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

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$4.55 +0.14 (+3.17 %)
(As of 03/21/2019 12:46 PM ET)
Previous Close$4.41
Today's Range$4.3950 - $4.57
52-Week Range$3.71 - $11.27
Volume22,021 shs
Average Volume95,167 shs
Market Capitalization$197.29 million
P/E Ratio11.67
Dividend YieldN/A
Beta1.77
Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product. The company was incorporated in 2014 and is headquartered in Fort Worth, Texas.

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Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone817-928-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$786.68 million
Cash Flow$0.9064 per share
Book Value$2.70 per share

Profitability

Net Income$12.51 million

Miscellaneous

Employees685
Market Cap$197.29 million
Next Earnings Date4/29/2019 (Estimated)
OptionableNot Optionable

Elevate Credit (NYSE:ELVT) Frequently Asked Questions

What is Elevate Credit's stock symbol?

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

How were Elevate Credit's earnings last quarter?

Elevate Credit Inc (NYSE:ELVT) announced its quarterly earnings data on Monday, February, 11th. The company reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.09. The company earned $207.29 million during the quarter, compared to analysts' expectations of $212.42 million. Elevate Credit had a return on equity of 15.53% and a net margin of 1.59%. View Elevate Credit's Earnings History.

When is Elevate Credit's next earnings date?

Elevate Credit is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Elevate Credit.

What guidance has Elevate Credit issued on next quarter's earnings?

Elevate Credit issued an update on its FY 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.69. The company issued revenue guidance of $811-834 million, compared to the consensus revenue estimate of $882.35 million.

What price target have analysts set for ELVT?

8 equities research analysts have issued 12 month price targets for Elevate Credit's stock. Their predictions range from $4.66 to $12.50. On average, they expect Elevate Credit's stock price to reach $7.1657 in the next year. This suggests a possible upside of 58.8% from the stock's current price. View Analyst Price Targets for Elevate Credit.

What is the consensus analysts' recommendation for Elevate Credit?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Elevate Credit.

What are Wall Street analysts saying about Elevate Credit stock?

Here are some recent quotes from research analysts about Elevate Credit stock:
  • 1. According to Zacks Investment Research, "Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. " (3/20/2019)
  • 2. Maxim Group analysts commented, "4Q18 results were above consensus and within guidance for adjusted EBITDA ($31.9M versus consensus of $30.1M and guidance of $31M-$36M), and for EPS ($0.09 versus consensus of $0.08 and guidance of $0.04-$0.13), but below consensus and guidance for revenue ($207.3M versus consensus at $212.1M and guidance of $211M-$216M). The revenue miss was because ELVT slowed down loan originations intentionally until its new credit models are ready (later in 1H19). The inline earnings resulted from stronger margins, as the average customer acquisition cost (CAC) declined." (2/12/2019)

Has Elevate Credit been receiving favorable news coverage?

Media headlines about ELVT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Elevate Credit earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next few days.

Who are some of Elevate Credit's key competitors?

What other stocks do shareholders of Elevate Credit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Micron Technology (MU), Aqua Metals (AQMS), Allena Pharmaceuticals (ALNA), Enova International (ENVA), DDR (DDR), Corbus Pharmaceuticals (CRBP), Abraxas Petroleum (AXAS), Funko (FNKO), Genocea Biosciences (GNCA) and Adesto Technologies (IOTS).

Who are Elevate Credit's key executives?

Elevate Credit's management team includes the folowing people:
  • Mr. Kenneth Earl Rees, Chairman & CEO (Age 56)
  • Mr. Christopher T. Lutes CPA, CPA, Chief Financial Officer (Age 51)
  • Mr. Jason Harvison, COO, Treasurer & Company Sec. (Age 43)
  • Mr. Chad Bradford, Chief Accounting Officer & Sr. VP of Fin. (Age 48)
  • Ms. Joan C. Kuehl, Chief Information Officer (Age 62)

When did Elevate Credit IPO?

(ELVT) raised $100 million in an 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 acted as the underwriters for the IPO and Stifel and William Blair were co-managers.

Who are Elevate Credit's major shareholders?

Elevate Credit's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Prescott Group Capital Management L.L.C. (4.17%), Nantahala Capital Management LLC (3.66%), BlackRock Inc. (2.87%), 683 Capital Management LLC (2.42%), Osborn Williams & Donohoe LLC (0.86%) and Mackenzie Financial Corp (0.48%). Company insiders that own Elevate Credit stock include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, John C Dean, Stephen J Shaper and Tyler W K Head. View Institutional Ownership Trends for Elevate Credit.

Which major investors are selling Elevate Credit stock?

ELVT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, BlackRock Inc., Mackay Shields LLC, Mackenzie Financial Corp, Dimensional Fund Advisors LP and Dimensional Fund Advisors LP. Company insiders that have sold Elevate Credit company stock in the last year include Jason Harvison, John C Dean and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.

Which major investors are buying Elevate Credit stock?

ELVT stock was acquired by a variety of institutional investors in the last quarter, including Nantahala Capital Management LLC, 683 Capital Management LLC, Prescott Group Capital Management L.L.C., Osborn Williams & Donohoe LLC, D. E. Shaw & Co. Inc., Bank of New York Mellon Corp, Stone Ridge Asset Management LLC and Bank of America Corp DE. Company insiders that have bought Elevate Credit stock in the last two years include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, John C Dean, Stephen J Shaper and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Elevate Credit's stock price today?

One share of ELVT stock can currently be purchased for approximately $4.5126.

How big of a company is Elevate Credit?

Elevate Credit has a market capitalization of $195.67 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.

What is Elevate Credit's official website?

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

How can I contact Elevate Credit?

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]


MarketBeat Community Rating for Elevate Credit (NYSE ELVT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  188 (Vote Outperform)
Underperform Votes:  193 (Vote Underperform)
Total Votes:  381
MarketBeat's community ratings are surveys of what our community members think about Elevate Credit and other stocks. Vote "Outperform" if you believe ELVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ELVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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