About Elevate Credit (NYSE:ELVT)
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:
- Industry: Professional Information Services
- Sub-Industry: N/A
- Sector: Finance
- Symbol: NYSE:ELVT
- CUSIP: N/A
- Web: www.elevate.com
- Current Ratio: 1.06%
- Quick Ratio: 1.06%
Sales & Book Value:
- Annual Sales: $580.44 million
- Price / Sales: 0.52
- Book Value: N/A
- Price / Book: N/A
- Net Income: $-22,370,000.00
- Net Margins: 0.13%
- Return on Equity: 1.40%
- Return on Assets: 0.14%
- Employees: 540
- Outstanding Shares: 41,860,000
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) announced its quarterly earnings results on Monday, October, 30th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $172.80 million for the quarter, compared to analyst estimates of $175 million. Elevate Credit had a return on equity of 1.40% and a net margin of 0.13%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted ($1.25) earnings per share. View Elevate Credit's Earnings History.
Where is Elevate Credit's stock going? Where will Elevate Credit's stock price be in 2017?
8 brokerages have issued 12-month price targets for Elevate Credit's shares. Their forecasts range from $8.50 to $12.00. On average, they anticipate Elevate Credit's stock price to reach $10.57 in the next year. View Analyst Ratings for Elevate Credit.
Who are some of Elevate Credit's key competitors?
Some companies that are related to Elevate Credit include Fidelity Southern Corporation (LION), Mercantile Bank (MBWM), Allied Mind Ltd (ALLWF), First Financial Corporation Indiana (THFF), The Bancorp (TBBK), People's Utah Bancorp (PUB), NewStar Financial (NEWS), Financial Institutions (FISI), Merchants Bcp (MBIN), Enova International (ENVA), Bank Mutual Corporation (BKMU), FRP Holdings (FRPH), Franklin Financial Network (FSB), eHealth (EHTH), MidWestOne Financial Group (MOFG), Equity Bancshares (EQBK), Capital City Bank Group (CCBG) and Sierra Bancorp (BSRR).
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 (Age 54)
- Christopher T. Lutes, Chief Financial Officer (Age 49)
- Jason Harvison, Chief Operating Officer, Director (Age 40)
- Sharon Clarey, Chief Human Resource Officer (Age 56)
- Kathy Boden Holland, Executive Vice President - Bank Products (Age 50)
- Chad Bradford, Chief Accounting Officer (Age 45)
- Joan C. Kuehl, Chief Information Officer (Age 60)
- Greg Hall, Chief Marketing Officer (Age 47)
- Sarah Fagin Cutrona, Chief Counsel (Age 56)
- Scott Greever, Managing Director - UK (Age 48)
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 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.
Who owns Elevate Credit stock?
Elevate Credit's stock is owned by a number of of institutional and retail investors. Top institutional investors include GSA Capital Partners LLP (0.29%), Citadel Advisors LLC (0.19%), Cornerstone Capital Management Holdings LLC. (0.09%), Phoenix Investment Adviser LLC (0.06%) and Dynamic Technology Lab Private Ltd (0.05%). Company insiders that own Elevate Credit stock include Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison and Tyler W K Head. View Institutional Ownership Trends for Elevate Credit.
Who bought Elevate Credit stock? Who is buying Elevate Credit stock?
Elevate Credit's stock was purchased by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Citadel Advisors LLC, Cornerstone Capital Management Holdings LLC., Phoenix Investment Adviser LLC and Dynamic Technology Lab Private Ltd. Company insiders that have bought Elevate Credit stock in the last two years include Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.
How do I buy Elevate Credit stock?
Shares of Elevate Credit 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 Elevate Credit stock can currently be purchased for approximately $7.15.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $298.88 million and generates $580.44 million in revenue each year. Elevate Credit employs 540 workers across the globe.
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)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.
Analysts' Consensus Rating for Elevate Credit (NYSE:ELVT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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: ||0 Sell Ratings, 2 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$10.57 (47.85% upside)|
Consensus Price Target History for Elevate Credit (NYSE:ELVT)
Analysts' Ratings History for Elevate Credit (NYSE:ELVT)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/16/2017||Credit Suisse Group||Lower Price Target||Outperform||$11.00 -> $10.50||N/A|
|10/31/2017||Maxim Group||Reiterated Rating||Buy||$10.00||N/A|
|8/23/2017||Stephens||Initiated Coverage||Equal -> Equal Weight||$8.50||High|
|7/6/2017||BTIG Research||Initiated Coverage||Buy||$12.00||Medium|
|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 and Estimates Chart 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|
|10/30/2017||Q3 2017||($0.01)||$0.01||$175.00 million||$172.80 million||View||N/A|
|7/31/2017||Q2 2017||($0.05)||$0.08||$157.38 million||$150.50 million||View||N/A|
|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: $0.27 EPS
Next Year EPS Consensus Estimate: $0.96 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)
Institutional Ownership Percentage: 52.94%
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|
|8/10/2017||Christopher Lutes||CFO||Buy||10,000||$7.00||$70,000.00|| |
|8/2/2017||Henry W Ramsey||Insider||Buy||2,000||$8.04||$16,080.00|| |
|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|| |
Latest Headlines for Elevate Credit (NYSE ELVT)
|Elevate’s Center for the New Middle Class Launches Industry Research Repository|
finance.yahoo.com - November 20 at 7:04 PM
|Credit Suisse Group Trims Elevate Credit, Inc. (ELVT) Target Price to $10.50|
www.americanbankingnews.com - November 16 at 6:50 PM
|Want to Keep From Overspending This Holiday Season? You Might Avoid Clipping Coupons, Chasing Sales and Paying with Plastic|
finance.yahoo.com - November 14 at 6:41 PM
|Head-To-Head Analysis: Elevate Credit (ELVT) and Its Competitors|
www.americanbankingnews.com - November 11 at 11:18 AM
|Elevate Credit, Inc. (ELVT) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - November 8 at 2:06 AM
|Elevate Credit, Inc. (ELVT) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - November 2 at 12:20 AM
|Ken Rees, CEO of Elevate, to Speak at Dallas Techweek Conference|
finance.yahoo.com - November 1 at 7:18 PM
|ELEVATE CREDIT, INC. (ELVT) Tops Q3 EPS by 1c, Miss on Revenues|
www.streetinsider.com - November 1 at 5:30 AM
|Maxim Group Reiterates "Buy" Rating for Elevate Credit, Inc. (ELVT)|
www.americanbankingnews.com - November 1 at 12:34 AM
|Elevate Credit, Inc. (ELVT) Issues Quarterly Earnings Results|
www.americanbankingnews.com - October 31 at 11:58 AM
|A lender targeting the 'New Middle Class' is working to hand out higher credit limits to struggling Americans (ELVT)|
www.msn.com - October 30 at 7:02 PM
|Elevate Credit, Inc. to Host Earnings Call|
finance.yahoo.com - October 30 at 7:02 PM
|Elevate Credit Third Quarter 2017 Earnings Release Available on Its Investor Relations Website|
finance.yahoo.com - October 30 at 7:02 PM
|Ken Rees, CEO of Elevate, to Speak at Money 20/20 Conference|
finance.yahoo.com - October 18 at 7:38 PM
|Comparing Elevate Credit (ELVT) & Morningstar (MORN)|
www.americanbankingnews.com - October 15 at 4:28 AM
|Head-To-Head Comparison: RELX N.V. (RENX) vs. Elevate Credit (ELVT)|
www.americanbankingnews.com - October 14 at 8:14 AM
|Elevate Credit, Inc. (ELVT) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - October 14 at 2:58 AM
|Elevate’s RISE Product Enters a 17th State – Tennessee – with Lines of Credit|
finance.yahoo.com - October 11 at 7:48 PM
|Ken Rees, CEO of Elevate, to Keynote at LEND360 Conference|
finance.yahoo.com - October 10 at 4:00 PM
|Elevate Credit, Inc. (ELVT) Upgraded to Sell at BidaskClub|
www.americanbankingnews.com - October 7 at 10:44 AM
|Elevate Credit (ELVT) & Relx N.V. (RENX) Head to Head Survey|
www.americanbankingnews.com - October 6 at 10:34 PM
|Elevate Expresses Full Support for CFPB Small Dollar Lending Rule|
finance.yahoo.com - October 5 at 5:25 PM
|Elevate to Release Third Quarter 2017 Earnings on Monday, October 30, 2017|
finance.yahoo.com - October 4 at 10:17 AM
|Elevate Customers Save More Than $2 Billion Thanks to Advanced Tech-Enabled Underwriting|
finance.yahoo.com - October 3 at 11:20 AM
|Comparing RELX PLC (RELX) & Elevate Credit (ELVT)|
www.americanbankingnews.com - September 24 at 8:42 AM
|Non-Prime Gen-Xers Lack Financial Stability According to New Research by Elevate’s Center for the New Middle Class|
finance.yahoo.com - September 21 at 8:58 AM
|Elevate Credit (ELVT) vs. IHS (IHS) Financial Contrast|
www.americanbankingnews.com - September 20 at 2:08 AM
|Elevate Credit, Inc. (ELVT) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - September 19 at 2:58 AM
|Elevate Credit (ELVT) vs. TransUnion (TRU) Critical Analysis|
www.americanbankingnews.com - September 9 at 8:12 PM
|Elevate Credit, Inc. (ELVT) Short Interest Up 55.7% in August|
www.americanbankingnews.com - August 31 at 1:46 AM
|Non-Prime Boomers Struggle Financially, but Less So Than Other Generations|
finance.yahoo.com - August 29 at 6:42 PM
|Comparing IHS (IHS) and Elevate Credit (ELVT)|
www.americanbankingnews.com - August 25 at 10:06 PM
|Elevate Credit, Inc. (ELVT) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - August 25 at 2:38 AM
|Equifax (EFX) and Elevate Credit (ELVT) Head to Head Analysis|
www.americanbankingnews.com - August 24 at 1:18 PM
|BTIG spots buying opportunity in Elevate Credit|
seekingalpha.com - August 23 at 10:34 PM
|Head-To-Head Comparison: Broadridge Financial Solutions (BR) versus Elevate Credit (ELVT)|
www.americanbankingnews.com - August 18 at 4:22 PM
|Elevate to Give Away 100 Bikes to Celebrate Its Pro Cycling Team’s Successes|
finance.yahoo.com - August 17 at 7:31 PM
|Elevate’s UK Loan Product Sunny Named 2017 ‘Treating Customers Fairly Champion’|
finance.yahoo.com - August 16 at 3:46 PM
|Technology Crossover Management V Llc Buys Elevate Credit Inc|
finance.yahoo.com - August 14 at 6:37 PM
|Christopher Lutes Buys 10,000 Shares of Elevate Credit, Inc. (ELVT) Stock|
www.americanbankingnews.com - August 11 at 8:56 PM
|Analyzing Elevate Credit (ELVT) and China Finance Online Co. Limited (JRJC)|
www.americanbankingnews.com - August 10 at 3:03 PM
|Head-To-Head Comparison: Elevate Credit (NYSE:ELVT) and John Wiley & Sons (JW.A)|
www.americanbankingnews.com - August 5 at 4:18 PM
|Elevate Credit, Inc. breached its 50 day moving average in a Bearish Manner : ELVT-US : August 4, 2017|
finance.yahoo.com - August 4 at 6:29 PM
|Insider Buying: Elevate Credit, Inc. (ELVT) Insider Purchases 2,000 Shares of Stock|
www.americanbankingnews.com - August 3 at 9:28 PM
|Investor Network: Elevate Credit, Inc. to Host Earnings Call|
finance.yahoo.com - August 1 at 6:52 PM
|Elevate Credit, Inc. (ELVT) Releases Earnings Results|
www.americanbankingnews.com - August 1 at 11:28 AM
|Elevate Credit Second Quarter 2017 Earnings Release Available on Its Investor Relations Website|
finance.yahoo.com - July 31 at 5:59 PM
|Elevate Credit, Inc. (NYSE:ELVT) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - July 31 at 9:17 AM
|Elevate CEO Ken Rees Named Top Innovator to Watch for 2017|
finance.yahoo.com - July 24 at 10:05 AM
|Elevate Credit, Inc. (ELVT) Expected to Post Quarterly Sales of $157.57 Million|
www.americanbankingnews.com - July 19 at 4:54 PM
Financials are not available for this stock.
Elevate Credit (NYSE ELVT) Chart for Tuesday, November, 21, 2017