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: Finance
- Industry: Professional Information Services - NEC
- Sub-Industry: N/A
- Symbol: NYSE:ELVT
- CUSIP: N/A
- Web: www.elevate.com
- Market Cap: $335.21 million
- Outstanding Shares: 41,693,000
- 50 Day Moving Avg: $7.71
- 200 Day Moving Avg: $7.82
- 52 Week Range: $6.80 - $8.98
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 6.50
- P/E Growth: 0.00
- Annual Revenue: $606.09 million
- Price / Sales: 0.57
- Book Value: $1.45 per share
- Price / Book: 5.69
- Current Ratio: 0.92%
- Quick Ratio: 0.92%
- Average Volume: 146,390 shs.
- Short Ratio: 0.8
Frequently Asked Questions for Elevate Credit (NYSE:ELVT)
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) issued its quarterly earnings results on Monday, May, 8th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.07. The business had revenue of $156.40 million for the quarter, compared to analysts' expectations of $155.69 million. The company'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 brokers have issued 1-year target prices for Elevate Credit's shares. 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 First Potomac Realty Trust (FPO), The First of Long Island Corporation (FLIC), NMI Holdings (NMIH), Preferred Bank (PFBC), United Insurance Holdings Corp. (UIHC), Pzena Investment Management (PZN), Camden National Corporation (CAC), World Acceptance Corporation (WRLD), Bridge Bancorp (BDGE), CU Bancorp (CA) (CUNB), Ashford Hospitality Trust (AHT), Park Sterling Corporation (PSTB), QCR Holdings (QCRH), Invesco California Value Municipal Income Trust (VCV), Armada Hoffler Properties (AHH), Anworth Mortgage Asset Corporation (ANH), Fidelity Southern Corporation (LION) and EMC Insurance Group (EMCI).
Who are Elevate Credit's key executives?
Elevate Credit's management team includes the folowing people:
- Kenneth E. Rees, Chairman of the Board, Chief Executive Officer
- Christopher T. Lutes, Chief Financial Officer
- Jason Harvison, Chief Operating Officer, Director
- Sharon Clarey, Chief Human Resource Officer
- Kathy Boden Holland, Executive Vice President - Bank Products
- Chad Bradford, Chief Accounting Officer
- Joan C. Kuehl, Chief Information Officer
- Greg Hall, Chief Marketing Officer
- Sarah Fagin Cutrona, Chief Counsel
- Scott Greever, Managing Director - UK
When did Elevate Credit IPO?
(ELVT) raised $100 million in an initial public offering 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 underwriters involved in the IPO were restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.
What is Elevate Credit's stock price today?
MarketBeat Community Rating for Elevate Credit (NYSE ELVT)MarketBeat's community ratings are surveys of what our community members think about Elevate Credit and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Elevate Credit stock can currently be purchased for approximately $8.25.
Consensus Ratings for Elevate Credit (NYSE:ELVT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$11.00 (33.33% upside)|
Analysts' Ratings History for Elevate Credit (NYSE:ELVT)
(Data available from 6/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/2/2017||Credit Suisse Group||Initiated Coverage||Outperform -> Outperform||$11.00||High|
|5/2/2017||Jefferies Group LLC||Initiated Coverage||Buy -> Buy||$12.00||High|
|5/1/2017||William Blair||Initiated Coverage||Outperform||High|
|5/1/2017||Stifel Nicolaus||Initiated Coverage||Buy -> Buy||$12.00||High|
|4/18/2017||Compass Point||Reiterated Rating||Neutral||$9.00||Medium|
Earnings History for Elevate Credit (NYSE:ELVT)Earnings History by Quarter for Elevate Credit (NYSE 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 (NYSE:ELVT)
Current Year EPS Consensus Estimate: $0.36 EPS
Next Year EPS Consensus Estimate: $1.27 EPS
Dividend History for Elevate Credit (NYSE:ELVT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Elevate Credit (NYSE:ELVT)Insider Trades by Quarter for Elevate Credit (NYSE:ELVT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/2/2017||Henry W Ramsey||Insider||Buy||9,500||$7.17||$68,115.00|| |
|6/1/2017||Christopher Lutes||CFO||Buy||10,000||$7.06||$70,600.00|| |
|4/11/2017||Christopher Lutes||CFO||Buy||40,000||$6.50||$260,000.00|| |
|4/11/2017||Jason Harvison||COO||Buy||3,070||$6.50||$19,955.00|| |
|4/11/2017||Tyler W K Head||Director||Buy||4,002||$6.50||$26,013.00|| |
|4/10/2017||Crossover Managemen Technology||Insider||Buy||80,000||$6.50||$520,000.00|| |
Headline Trends for Elevate Credit (NYSE:ELVT)
Latest Headlines for Elevate Credit (NYSE:ELVT)
No headlines for this company have been tracked by MarketBeat.com
Elevate Credit (ELVT) Chart for Tuesday, June, 27, 2017