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 results on Monday, February, 10th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.02. The firm had revenue of $186.92 million for the quarter, compared to analysts' expectations of $186.85 million. View Elevate Credit's Earnings History.

Elevate Credit is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Elevate Credit.

Elevate Credit issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of 0.80-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88. The company issued revenue guidance of $750-770 million, compared to the consensus revenue estimate of $780.99 million.

4 brokerages have issued twelve-month price targets for Elevate Credit's shares. Their forecasts range from $5.00 to $6.00. On average, they anticipate Elevate Credit's stock price to reach $5.50 in the next year. This suggests a possible upside of 32.2% from the stock's current price. View Analyst Price Targets for Elevate Credit.

4 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Elevate Credit.

News coverage about ELVT stock has been trending somewhat positive on Monday, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Elevate Credit earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Elevate Credit.

Elevate Credit saw a increase in short interest in January. As of January 31st, there was short interest totalling 405,100 shares, an increase of 8.5% from the January 15th total of 373,500 shares. Based on an average trading volume of 138,100 shares, the short-interest ratio is presently 2.9 days. Currently, 1.7% of the company's shares are short sold. View Elevate Credit's Current Options Chain.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Allena Pharmaceuticals (ALNA), Extreme Networks (EXTR), Netflix (NFLX), Stitch Fix (SFIX), Energy Transfer LP Unit (ET), Select Medical (SEM) and Verizon Communications (VZ).

(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.

Elevate Credit's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Requisite Capital Management LLC (10.26%), Renaissance Technologies LLC (2.82%), Prescott Group Capital Management L.L.C. (2.70%), State Street Corp (0.68%), Acadian Asset Management LLC (0.55%) and Mackay Shields LLC (0.47%). 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 sold by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C.. Company insiders that have sold Elevate Credit company stock in the last year include David Curry Peterson, Jason Harvison, Kenneth E Rees, Scff Management Llc and Sequoia Capital Growth Fund Ii. View Insider Buying and Selling for Elevate Credit.

ELVT stock was bought by a variety of institutional investors in the last quarter, including Requisite Capital Management LLC, Bank of Montreal Can, Renaissance Technologies LLC, Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Mackay Shields LLC, Acadian Asset Management LLC and Chicago Equity Partners LLC. 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 $4.16.