Elevate Credit Stock Forecast, Price & News

Elevate Credit's stock was trading at $2.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ELVT stock has decreased by 4.3% and is now trading at $2.44.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Elevate Credit.

Elevate Credit is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Elevate Credit.

Elevate Credit, Inc. (NYSE:ELVT) posted its quarterly earnings data on Thursday, August, 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.22 by $0.18. The firm had revenue of $117.99 million for the quarter, compared to the consensus estimate of $164.38 million. Elevate Credit had a net margin of 2.47% and a return on equity of 24.93%.
View Elevate Credit's earnings history.

5 Wall Street analysts have issued twelve-month price objectives for Elevate Credit's stock. Their forecasts range from $2.00 to $4.00. On average, they expect Elevate Credit's share price to reach $3.00 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
View analysts' price targets for Elevate Credit.

Elevate Credit saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 372,300 shares, a decrease of 26.5% from the September 30th total of 506,700 shares. Based on an average daily volume of 364,400 shares, the short-interest ratio is currently 1.0 days. Currently, 1.9% of the company's shares are short sold.
View Elevate Credit's Short Interest.

Some companies that are related to Elevate Credit include Oportun Financial (OPRT), CURO Group (CURO), 9F (JFU), Yirendai (YRD), America First Multifamily Investors (ATAX), CNFinance (CNF), Jiayin Group (JFIN), Weidai (WEI), X Financial (XYF), Security National Financial (SNFCA), On Deck Capital (ONDK), Wins Finance (WINS), Velocity Financial (VEL), Consumer Portfolio Services (CPSS) and Medallion Financial (MFIN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Tesla (TSLA), Allena Pharmaceuticals (ALNA), Digital Turbine (APPS), Alibaba Group (BABA), DexCom (DXCM), Matinas BioPharma (MTNB), Veru (VERU), Zynga (ZNGA), Ardelyx (ARDX) and Alteryx (AYX).

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

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

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 $2.44.

Elevate Credit has a market capitalization of $99.53 million and generates $746.96 million in revenue each year. The company earns $32.18 million in net income (profit) each year or $0.73 on an earnings per share basis. Elevate Credit employs 695 workers across the globe.

The official website for Elevate Credit is 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]