Elevate Credit Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Elevate Credit stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELVT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Elevate Credit a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Elevate Credit wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Elevate Credit saw a drop in short interest in the month of February. As of February 12th, there was short interest totaling 404,200 shares, a drop of 27.6% from the January 28th total of 558,100 shares. Based on an average daily volume of 293,200 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.0% of the company's shares are short sold.
View Elevate Credit's Short Interest.

Elevate Credit is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Elevate Credit.

Elevate Credit, Inc. (NYSE:ELVT) released its quarterly earnings data on Sunday, February, 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.30. The firm had revenue of $90.72 million for the quarter, compared to analysts' expectations of $86.51 million. Elevate Credit had a trailing twelve-month return on equity of 31.90% and a net margin of 5.73%.
View Elevate Credit's earnings history.

Elevate Credit's stock was trading at $2.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ELVT shares have increased by 60.0% and is now trading at $4.08.
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3 brokers have issued 1-year price objectives for Elevate Credit's stock. Their forecasts range from $2.00 to $5.60. On average, they expect Elevate Credit's share price to reach $3.80 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for Elevate Credit or view top-rated stocks among Wall Street analysts.

32 employees have rated Elevate Credit CEO Jason Harvison on Glassdoor.com. Jason Harvison has an approval rating of 80% among Elevate Credit's employees.

Some companies that are related to Elevate Credit include CURO Group (CURO), Oportun Financial (OPRT), Yiren Digital (YRD), 9F (JFU), America First Multifamily Investors (ATAX), China YiBai United Guarantee International (CBGH), Mogo (MOGO), CNFinance (CNF), Jiayin Group (JFIN), Bit Digital (BTBT), X Financial (XYF), Security National Financial (SNFCA), Medallion Financial (MFIN), Velocity Financial (VEL) and Weidai (WEI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Tesla (TSLA), Allena Pharmaceuticals (ALNA), Digital Turbine (APPS), Alibaba Group (BABA), DexCom (DXCM), Matinas BioPharma (MTNB), Veru (VERU), Zynga (ZNGA), Ardelyx (ARDX) and Alteryx (AYX).

(ELVT) raised $100 million in an initial public offering (IPO) 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELVT."

Elevate Credit's stock is owned by a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.56%), HighTower Advisors LLC (1.63%), Dimensional Fund Advisors LP (1.32%), BlackRock Inc. (1.21%), Raymond James Financial Services Advisors Inc. (0.31%) and Vanguard Capital Wealth Advisors (0.25%). Company insiders that own Elevate Credit stock include David Curry Peterson, Jason Harvison, Kenneth E Rees, Scff Management Llc, Scgf Iii Management Llc and Sequoia Capital Growth Fund Ii.
View institutional ownership trends for Elevate Credit.

ELVT stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, Raymond James Financial Services Advisors Inc., BlackRock Inc., Hsbc Holdings PLC, Bank of New York Mellon Corp, HighTower Advisors LLC, and Royce & Associates LP. Company insiders that have sold Elevate Credit company stock in the last year include David Curry Peterson, Scff Management Llc, and Scgf Iii Management Llc.
View insider buying and selling activity for Elevate Credit or view top insider-selling stocks.

ELVT stock was bought by a variety of institutional investors in the last quarter, including Vanguard Capital Wealth Advisors, Renaissance Technologies LLC, Nkcfo LLC, Virtu Financial LLC, Engineers Gate Manager LP, Dimensional Fund Advisors LP, and ExodusPoint Capital Management LP.
View insider buying and selling activity for Elevate Credit or or view top insider-buying stocks.

Shares of ELVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELVT stock can currently be purchased for approximately $4.08.

Elevate Credit has a market capitalization of $155.33 million and generates $746.96 million in revenue each year. The company earns $32.18 million in net income (profit) each year or $0.73 on an earnings per share basis.

Elevate Credit employs 695 workers across the globe.

The official website for Elevate Credit is www.elevate.com.

Elevate Credit is headquartered at 4150 INTERNATIONAL PLAZA SUITE 300, FORT WORTH TX, 76109.

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]