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 and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products. Elevate Credit, Inc. was incorporated in 2014 and is headquartered in Fort Worth, Texas.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorFinance
Phone817-928-1500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$786.68 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/29/2019 (Estimated)
OptionableNot Optionable
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) posted its quarterly earnings results on Monday, February, 11th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $207.29 million for the quarter, compared to analysts' expectations of $212.42 million. Elevate Credit had a net margin of 1.59% and a return on equity of 15.53%. View Elevate Credit's Earnings History.
When is Elevate Credit's next earnings date?
What guidance has Elevate Credit issued on next quarter's earnings?
Elevate Credit issued an update on its FY 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share (EPS) guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. The company issued revenue guidance of $811-834 million, compared to the consensus revenue estimate of $882.35 million.
What price target have analysts set for ELVT?
8 equities research analysts have issued 12 month price objectives for Elevate Credit's stock. Their forecasts range from $4.66 to $12.50. On average, they expect Elevate Credit's share price to reach $7.1657 in the next twelve months. This suggests a possible upside of 65.1% 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 6 hold ratings and 2 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. " (3/14/2019)
- 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?
News stories about ELVT stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elevate Credit earned a news impact score of 1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are some of Elevate Credit's key competitors?
Some companies that are related to Elevate Credit include Forestar Group (FOR), United Insurance (UIHC), Byline Bancorp (BY), Virtus Investment Partners (VRTS), Hersha Hospitality Trust (HT), Invesco Value Municipal Income Trust (IIM), EMC Insurance Group (EMCI), IRSA Propiedades Comerciales (IRCP), Investors Real Estate Trust Reit (IRET), Guardian Capital Group (GCG), Preferred Apartment Communities (APTS), Re/Max (RMAX), Camden National (CAC), Urstadt Biddle Properties (UBP) and VGI Partners Global Investments (VG1).
What other stocks do shareholders of Elevate Credit own?
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 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 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 shareholders include Prescott Group Capital Management L.L.C. (4.17%), Nantahala Capital Management LLC (3.66%), BlackRock Inc. (2.87%), 683 Capital Management LLC (2.42%), Osborn Williams & Donohoe LLC (0.86%) and Mackenzie Financial Corp (0.48%). Company insiders that own Elevate Credit stock include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, John C Dean, 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 Acadian Asset Management LLC, BlackRock Inc., Mackay Shields LLC, Mackenzie Financial Corp, Dimensional Fund Advisors LP and Dimensional Fund Advisors LP. Company insiders that have sold Elevate Credit company stock in the last year include Jason Harvison, John C Dean and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.
Which major investors are buying Elevate Credit stock?
ELVT stock was purchased by a variety of institutional investors in the last quarter, including Nantahala Capital Management LLC, 683 Capital Management LLC, Prescott Group Capital Management L.L.C., Osborn Williams & Donohoe LLC, D. E. Shaw & Co. Inc., Bank of New York Mellon Corp, Stone Ridge Asset Management LLC and Bank of America Corp DE. Company insiders that have bought Elevate Credit stock in the last two years include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, John C Dean, Stephen J Shaper and Tyler W K Head. 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, Scottrade, Fidelity and Charles Schwab.
What is Elevate Credit's stock price today?
One share of ELVT stock can currently be purchased for approximately $4.34.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $188.17 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.
What is Elevate Credit's official website?
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 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.
