About Elevate Credit (NYSE:ELVT)
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 Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ELVT
CUSIPN/A
Phone817-928-1500
Debt
Debt-to-Equity RatioN/A
Current Ratio1.05%
Quick Ratio1.05%
Price-To-Earnings
Trailing P/E Ratio46.38
Forward P/E Ratio10.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$673.13 million
Price / Sales0.46
Cash Flow$0.6037 per share
Price / Cash12.29
Book Value$2.30 per share
Price / Book3.23
Profitability
EPS (Most Recent Fiscal Year)$0.16
Net Income$-6,910,000.00
Net Margins-1.03%
Return on Equity6.84%
Return on Assets0.87%
Miscellaneous
Employees615
Outstanding Shares41,860,000
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 (NYSE:ELVT) posted its quarterly earnings results on Thursday, February, 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.14. The firm earned $193.44 million during the quarter, compared to analysts' expectations of $194.10 million. Elevate Credit had a negative net margin of 1.03% and a positive return on equity of 6.84%. Elevate Credit's revenue for the quarter was up 14.5% on a year-over-year basis. View Elevate Credit's Earnings History.
What guidance has Elevate Credit issued on next quarter's earnings?
Elevate Credit issued an update on its FY18 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of $0.50-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $780-$820 million, compared to the consensus revenue estimate of $820.68 million.
What price target have analysts set for ELVT?
9 analysts have issued 12-month price targets for Elevate Credit's shares. Their forecasts range from $8.50 to $12.00. On average, they expect Elevate Credit's stock price to reach $10.50 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 Armada Hoffler Properties (AHH), QCR (QCRH), First Defiance Financial (FDEF), Oaktree Specialty Lending (OCSL), Access National (ANCX), People's Utah Bancorp (PUB), Bancorp (TBBK), Merchants Bancorp (MBIN), Maiden (MHLD), Equity BancShares (EQBK), FRP (FRPH), Mercantile Bank (MBWM), HarborOne Bancorp (HONE), Greenlight Capital Re (GLRE), Global Indemnity (GBLI), Preferred Apartment (APTS), EMC Insurance Group (EMCI) and Triangle Capital (TCAP).
Who are Elevate Credit's key executives?
Elevate Credit's management team includes the folowing people:
- Mr. Kenneth Earl Rees, Chairman and Chief Exec. Officer (Age 55)
- Mr. Christopher T. Lutes CPA, CPA, Chief Financial Officer (Age 50)
- Mr. Jason Harvison, COO, Treasurer & Company Sec. (Age 42)
- Mr. Chad Bradford, Chief Accounting Officer and Sr. VP of Fin. (Age 47)
- Ms. Joan C. Kuehl, Chief Information Officer (Age 61)
When did Elevate Credit IPO?
(ELVT) raised $100 million in an initial public offering (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.
Has Elevate Credit been receiving favorable news coverage?
Press coverage about ELVT stock has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Elevate Credit earned a media sentiment score of 0.03 on Accern's scale. They also gave media headlines about the company an impact score of 46.97 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
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 $7.42.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $311.44 million and generates $673.13 million in revenue each year. The company earns $-6,910,000.00 in net income (profit) each year or $0.16 on an earnings per share basis. Elevate Credit employs 615 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 (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.
Elevate Credit (NYSE:ELVT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Elevate Credit in the last 12 months. Their average twelve-month price target is $10.50, suggesting that the stock has a possible upside of 41.51%. The high price target for ELVT is $12.00 and the low price target for ELVT is $8.50. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.78 | 2.67 | 2.78 | 2.75 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.50 | $10.3125 | $10.50 | $10.6429 |
| Price Target Upside: | 41.51% upside | 46.28% upside | 45.83% upside | 64.50% upside |
Elevate Credit (NYSE:ELVT) Consensus Price Target History
Elevate Credit (NYSE:ELVT) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Elevate Credit (NYSE:ELVT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Elevate Credit (NYSE ELVT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 32.00%
Institutional Ownership Percentage: 42.25%
Elevate Credit (NYSE ELVT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/16/2018 | Jason Harvison | COO | Sell | 6,792 | $7.51 | $51,007.92 | |  |
| 4/9/2018 | Jason Harvison | COO | Sell | 8,476 | $7.50 | $63,570.00 | | |
| 8/10/2017 | Christopher Lutes | CFO | Buy | 10,000 | $7.00 | $70,000.00 | 60,000 | |
| 8/2/2017 | Henry W Ramsey | Insider | Buy | 2,000 | $8.04 | $16,080.00 | 11,500 | |
| 6/2/2017 | Henry W Ramsey | Insider | Buy | 9,500 | $7.17 | $68,115.00 | 9,500 | |
| 6/1/2017 | Christopher Lutes | CFO | Buy | 10,000 | $7.06 | $70,600.00 | 50,000 | |
| 4/11/2017 | Christopher Lutes | CFO | Buy | 40,000 | $6.50 | $260,000.00 | 40,000 | |
| 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 | 4,002 | |
| 4/10/2017 | Crossover Managemen Technology | Insider | Buy | 80,000 | $6.50 | $520,000.00 | | |
(Data available from 1/1/2013 forward)
Elevate Credit (NYSE ELVT) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Elevate Credit (ELVT) vs. Harvest Capital Credit (HCAP) Head-To-Head Analysis
www.americanbankingnews.com - April 19 at 5:35 AM |
 | Elevate to Collaborate with Mastercard on Credit Card Product for the ‘New Middle Class’
finance.yahoo.com - April 18 at 10:30 AM |
| Elevate Credit (ELVT) COO Sells $51,007.92 in Stock
www.americanbankingnews.com - April 17 at 4:21 PM |
| $188.98 Million in Sales Expected for Elevate Credit (ELVT) This Quarter
www.americanbankingnews.com - April 14 at 2:05 AM |
| Zacks: Analysts Expect Elevate Credit (ELVT) to Post $0.11 EPS
www.americanbankingnews.com - April 12 at 7:18 PM |
| Elevate Credit (ELVT) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - April 11 at 10:42 PM |
| Elevate Credit (ELVT) vs. Qudian (QD) Head-To-Head Contrast
www.americanbankingnews.com - April 11 at 5:35 AM |
| Insider Selling: Elevate Credit (ELVT) COO Sells 8,476 Shares of Stock
www.americanbankingnews.com - April 10 at 7:31 PM |
| Elevate Credit (ELVT) Receives New Coverage from Analysts at Stephens
www.americanbankingnews.com - April 9 at 9:12 PM |
| Elevate to Release First Quarter 2018 Earnings on Monday, April 30, 2018
finance.yahoo.com - April 9 at 10:39 AM |
| Zacks Investment Research Upgrades Elevate Credit (ELVT) to "Hold"
www.americanbankingnews.com - April 8 at 9:36 AM |
| Elevate Credit (ELVT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 7 at 1:46 AM |
| Zacks: Analysts Anticipate Elevate Credit Inc (ELVT) Will Post Quarterly Sales of $188.98 Million
www.americanbankingnews.com - March 28 at 2:50 AM |
| Elevate Credit (ELVT) Research Coverage Started at UBS
www.americanbankingnews.com - March 27 at 9:10 PM |
| $0.11 EPS Expected for Elevate Credit Inc (ELVT) This Quarter
www.americanbankingnews.com - March 26 at 9:10 PM |
| Ken Rees, CEO of Elevate, to Speak at LendIt Fintech Conference
finance.yahoo.com - March 20 at 10:30 AM |
| Elevate Credit (ELVT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 16 at 9:22 PM |
| Q2 2018 EPS Estimates for Elevate Credit Inc Decreased by William Blair (ELVT)
www.americanbankingnews.com - March 16 at 9:06 AM |
| Elevate Credit Inc Forecasted to Post Q1 2018 Earnings of $0.11 Per Share (ELVT)
www.americanbankingnews.com - March 15 at 7:03 AM |
| Elevate Credit Inc (ELVT) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - March 13 at 1:46 AM |
| Zacks: Analysts Expect Elevate Credit Inc (ELVT) Will Post Quarterly Sales of $188.82 Million
www.americanbankingnews.com - March 11 at 5:09 AM |
| Elevate Named as Finalist for LendIt Fintech 2018’s Financial Inclusion Award
finance.yahoo.com - March 9 at 11:52 AM |
| Elevate Announces Its Customers Have Saved More Than $3 Billion over Payday Loan Alternatives
finance.yahoo.com - March 5 at 11:03 AM |
| For African Americans, Credit is Tough No Matter Their Credit Score
finance.yahoo.com - February 28 at 10:26 AM |
| $188.82 Million in Sales Expected for Elevate Credit Inc (ELVT) This Quarter
www.americanbankingnews.com - February 22 at 2:02 AM |
| Analysts Anticipate Elevate Credit Inc (ELVT) Will Post Earnings of $0.11 Per Share
www.americanbankingnews.com - February 20 at 9:18 PM |
| Elevate Credit Inc (ELVT) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 16 at 1:54 AM |
| Maxim Group Lowers Elevate Credit (ELVT) Price Target to $8.50
www.americanbankingnews.com - February 12 at 5:24 PM |
| Elevate Credit (ELVT) Stock Rating Lowered by BTIG Research
www.americanbankingnews.com - February 10 at 10:54 PM |
| Elevate Credit (ELVT) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - February 9 at 10:04 PM |
| Elevate Credit (ELVT) Posts Earnings Results, Misses Expectations By $0.14 EPS
www.americanbankingnews.com - February 9 at 10:56 AM |
 | ELEVATE CREDIT, INC. (ELVT) Reports Q4 EPS of $0.01, Slight Miss on Revenues
www.streetinsider.com - February 9 at 8:32 AM |
| Elevate Credit (ELVT) Updates FY18 Earnings Guidance
www.americanbankingnews.com - February 8 at 5:02 PM |
| Elevate Credit Fourth Quarter and Full Year 2017 Earnings Release Available on Its Investor Relations Website
finance.yahoo.com - February 8 at 5:00 PM |
| Elevate Credit (ELVT) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - February 5 at 11:24 PM |
| Elevate Credit Inc (ELVT) Expected to Announce Quarterly Sales of $195.20 Million
www.americanbankingnews.com - February 5 at 2:22 AM |
| Bradley Strock, PayPal CIO, Joins Elevate’s Board of Directors
finance.yahoo.com - February 1 at 8:33 AM |
| Elevate Credit, Inc. to Present at Credit Suisse Financial Services Forum and JMP Securities Technology Conference
finance.yahoo.com - January 31 at 5:18 PM |
| Comparing Everyday Health (EVDY) and Elevate Credit (ELVT)
www.americanbankingnews.com - January 28 at 3:04 PM |
| Contrasting Everyday Health (EVDY) and Elevate Credit (ELVT)
www.americanbankingnews.com - January 27 at 5:20 AM |
| How to Stop Arguing: Financial Tips for Couples
finance.yahoo.com - January 23 at 9:07 AM |
| Elevate Credit Inc (ELVT) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - January 22 at 2:06 AM |
| Brokerages Expect Elevate Credit Inc (ELVT) Will Announce Quarterly Sales of $195.20 Million
www.americanbankingnews.com - January 19 at 2:10 AM |
| Analysts Anticipate Elevate Credit Inc (ELVT) Will Post Earnings of $0.13 Per Share
www.americanbankingnews.com - January 17 at 11:10 PM |
| Elevate to Release Fourth Quarter and Full Year 2017 Earnings on Thursday, February 8, 2018
finance.yahoo.com - January 16 at 5:33 PM |
| Q1 2018 Earnings Estimate for Elevate Credit Inc (ELVT) Issued By Jefferies Group
www.americanbankingnews.com - January 12 at 10:02 AM |
| Jefferies Group Weighs in on Elevate Credit Inc's FY2017 Earnings (ELVT)
www.americanbankingnews.com - January 11 at 8:04 AM |
| Elevate Announces Boost in Customer Financial Health (Wellness)
finance.yahoo.com - January 4 at 9:11 AM |
| ETFs with exposure to Elevate Credit, Inc. : December 29, 2017
finance.yahoo.com - December 29 at 5:31 PM |
| Elevate Credit Inc (ELVT) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - December 28 at 2:12 AM |
Elevate Credit (NYSE:ELVT) SEC Filings
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Elevate Credit (NYSE:ELVT) Income Statement, Balance Sheet and Cash Flow Statement
Elevate Credit (NYSE ELVT) Stock Chart for Thursday, April, 19, 2018
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