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

$4.46
+0.13 (+3.00 %)
(As of 09/17/2019 03:20 PM ET)
Today's Range
$4.30
Now: $4.46
$4.51
50-Day Range
$4.08
MA: $4.57
$5.18
52-Week Range
$3.71
Now: $4.46
$8.84
Volume3,818 shs
Average Volume74,318 shs
Market Capitalization$196.82 million
P/E Ratio11.41
Dividend YieldN/A
Beta1.34
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. Read More…

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$0.8920 per share
Book Value$2.70 per share

Profitability

Net Income$12.51 million

Miscellaneous

Employees685
Market Cap$196.82 million
Next Earnings Date11/4/2019 (Estimated)
OptionableNot Optionable

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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) released its earnings results on Monday, July, 29th. The company reported $0.13 EPS for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.06. The company had revenue of $177.76 million for the quarter, compared to analysts' expectations of $187.48 million. Elevate Credit had a return on equity of 19.19% and a net margin of 2.45%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. 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, November 4th 2019. View Earnings Estimates for Elevate Credit.

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

Elevate Credit updated its FY19 earnings guidance on Monday, July, 29th. The company provided earnings per share guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.59. The company issued revenue guidance of $750-770 million, compared to the consensus revenue estimate of $813.10 million.

What price target have analysts set for ELVT?

8 brokers have issued 12 month target prices for Elevate Credit's stock. Their forecasts range from $5.00 to $10.00. On average, they expect Elevate Credit's share price to reach $6.50 in the next year. This suggests a possible upside of 45.7% 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 5 hold ratings and 3 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. " (8/5/2019)
  • 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 stories about ELVT stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Elevate Credit earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Elevate Credit.

Are investors shorting Elevate Credit?

Elevate Credit saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 168,400 shares, an increase of 10.4% from the July 31st total of 152,600 shares. Based on an average daily trading volume, of 117,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the company's stock are sold short. View Elevate Credit's Current Options Chain.

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 Allena Pharmaceuticals (ALNA), ArQule (ARQL), Corbus Pharmaceuticals (CRBP), Genocea Biosciences (GNCA), Iovance Biotherapeutics (IOVA), Aqua Metals (AQMS), Ardelyx (ARDX), Athersys (ATHX), Abraxas Petroleum (AXAS) and AXT (AXTI).

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 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.

Who are Elevate Credit's major shareholders?

Elevate Credit's stock is owned by a number of of retail and institutional investors. Top institutional investors include Prescott Group Capital Management L.L.C. (3.94%), BlackRock Inc. (3.62%), Vanguard Group Inc. (2.97%), Renaissance Technologies LLC (1.84%), Osborn Williams & Donohoe LLC (0.84%) and Northern Trust Corp (0.55%). Company insiders that own Elevate Credit stock include Bradley R Strock, 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.

Which major investors are selling Elevate Credit stock?

ELVT stock was sold by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., D. E. Shaw & Co. Inc., A.R.T. Advisors LLC, Jacobs Levy Equity Management Inc., Vanguard Group Inc., Invesco Ltd., Osborn Williams & Donohoe LLC and Bank of New York Mellon Corp. Company insiders that have sold Elevate Credit company stock in the last year include Jason Harvison, Kenneth E Rees, Scff Management Llc, Sequoia Capital Growth Fund Ii 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 BlackRock Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Zebra Capital Management LLC, JPMorgan Chase & Co., Algert Global LLC, Russell Investments Group Ltd. and Jane Street Group 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.

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, Robinhood, Fidelity and Charles Schwab.

What is Elevate Credit's stock price today?

One share of ELVT stock can currently be purchased for approximately $4.46.

How big of a company is Elevate Credit?

Elevate Credit has a market capitalization of $196.82 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.View Additional Information About Elevate Credit.

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:  2.4 out of 5 (star star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  207 (Vote Underperform)
Total Votes:  402
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 9/17/2019 by MarketBeat.com Staff

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