About Elevate Credit (NYSE:ELVT)
Elevate Credit, Inc. provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders. It offers online installment loans and lines of credit in the United States, and the United Kingdom. Its products, Rise, Elastic and Sunny, provide customers with access to priced credit and services while helping them with credit building and financial wellness features. Its products include credit building and financial wellness programs, such as credit reporting, free credit monitoring (in the United States) and online financial literacy videos and tools. Rise is an installment loan product. As of March 31, 2016, Rise was available in 15 states in the United States. Sunny is the Company's United Kingdom installment loan product.
Industry, Sector and Symbol
Trailing P/E Ratio-52.0677094493251
Forward P/E Ratio9.77
Sales & Book Value
Annual Sales$673.13 million
Price / Sales0.44
Cash Flow$0.59 per share
Price / Cash12.04
Book Value$2.30 per share
Price / Book3.10
Return on Equity6.84%
Return on Assets0.87%
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) issued its quarterly earnings results on Thursday, February, 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.14. The company earned $193.44 million during the quarter, compared to the consensus estimate of $194.10 million. Elevate Credit had a positive return on equity of 6.84% and a negative net margin of 1.03%. The business's revenue was up 14.5% compared to the same quarter last year. 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 earnings per share guidance of $0.50-1.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.06. The company issued revenue guidance of $780-$820 million, compared to the consensus revenue estimate of $820.68 million.
Where is Elevate Credit's stock going? Where will Elevate Credit's stock price be in 2018?
9 brokerages have issued 12-month target prices 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 $10.31 in the next twelve months. View Analyst Ratings for Elevate Credit.
Who are some of Elevate Credit's key competitors?
Some companies that are related to Elevate Credit include Oaktree Specialty Lending (OCSL), Ocwen (OCN), PennyMac Financial Services (PFSI), Triangle Capital (TCAP), Catchmark Timber Trust (CTT), Moneygram International (MGI), PennantPark Investment (PNNT), Ellington Financial (EFC), Blackrock Capital Investment (BKCC), Orchid Island Capital (ORC), On Deck Capital (ONDK), Regional Management (RM), Marlin Business Services (MRLN), NEWTEK Business Services (NEWT), PHH (PHH), Gladstone Investment (GAIN), Fidus Investment (FDUS) and Safety Income & Growth (SAFE).
Who are Elevate Credit's key executives?
Elevate Credit's management team includes the folowing people:
- Kenneth E. Rees, Chairman of the Board, Chief Executive Officer (Age 54)
- Christopher T. Lutes, Chief Financial Officer (Age 50)
- Jason Harvison, Chief Operating Officer (Age 40)
- Sharon Clarey, Chief Human Resource Officer (Age 56)
- Kathy Boden Holland, Executive Vice President - Bank Products (Age 50)
- Chad Bradford, Chief Accounting Officer (Age 45)
- Joan C. Kuehl, Chief Information Officer (Age 60)
- Greg Hall, Chief Marketing Officer (Age 47)
- Sarah Fagin Cutrona, Chief Counsel (Age 56)
- Scott Greever, Managing Director - UK (Age 48)
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 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.
Has Elevate Credit been receiving favorable news coverage?
News headlines about ELVT stock have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Elevate Credit earned a coverage optimism score of 0.10 on Accern's scale. They also gave media coverage about the company an impact score of 46.58 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
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 BlackRock Inc. (1.88%), Prescott Group Capital Management L.L.C. (0.59%), Paragon Wealth Strategies LLC (0.32%), Geode Capital Management LLC (0.30%), Phoenix Investment Adviser LLC (0.28%) and Cornerstone Capital Management Holdings LLC. (0.13%). Company insiders that own Elevate Credit stock include Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison and Tyler W K Head. View Institutional Ownership Trends for Elevate Credit.
Which institutional investors are selling Elevate Credit stock?
Which institutional investors are buying Elevate Credit stock?
ELVT stock was bought by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., Paragon Wealth Strategies LLC, Phoenix Investment Adviser LLC, Acadian Asset Management LLC, Two Sigma Investments LP, Virtu Financial LLC, Essex Investment Management Co. LLC and Deutsche Bank AG. Company insiders that have bought Elevate Credit stock in the last two years include Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison 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 $7.13.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $305.16 million and generates $673.13 million in revenue each year. The company earns $-6,910,000.00 in net income (profit) each year or ($0.14) 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Elevate Credit (NYSE:ELVT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.67||2.67||2.78||2.75|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
6 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: ||$10.31||$10.31||$10.50||$10.64|
|Price Target Upside: ||44.64% 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
(Data available from 3/19/2016 forward)
Elevate Credit (NYSE:ELVT) Earnings History and Estimates Chart
Elevate Credit (NYSE ELVT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/8/2018||Q4 2017||$0.15||$0.01||$194.10 million||$193.44 million||View||N/A|
|10/30/2017||Q3 2017||($0.01)||$0.01||$175.00 million||$172.80 million||View||N/A|
|7/31/2017||Q2 2017||($0.05)||$0.08||$157.38 million||$150.50 million||View||N/A|
|5/8/2017||Q1 2017||($0.01)||$0.06||$155.69 million||$156.40 million||View||N/A|
Elevate Credit (NYSE:ELVT) Earnings Estimates
2018 EPS Consensus Estimate: $0.91
2019 EPS Consensus Estimate: $1.24
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Elevate Credit (NYSE:ELVT)
No dividend announcements for this company have been tracked by MarketBeat.com
Elevate Credit (NYSE ELVT) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 42.25%
Elevate Credit (NYSE ELVT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
Elevate Credit (NYSE ELVT) News Headlines
|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
|ETFs with exposure to Elevate Credit, Inc. : December 18, 2017|
finance.yahoo.com - December 18 at 5:37 PM
|Elastic Line of Credit Surpasses $1 Billion in Total Funding|
finance.yahoo.com - December 12 at 9:39 AM
|Elevate Credit (ELVT) Receives New Coverage from Analysts at JMP Securities|
www.americanbankingnews.com - December 12 at 9:04 AM
|Elevate Credit (ELVT) versus Its Competitors Head-To-Head Review|
www.americanbankingnews.com - December 10 at 1:30 AM
|Financial Literacy Curricula for Non-Prime Consumers Should Focus on Relevant Topics, Attainable Goals|
finance.yahoo.com - December 7 at 9:14 AM
|ETFs with exposure to Elevate Credit, Inc. : December 5, 2017|
finance.yahoo.com - December 5 at 5:32 PM
|Elevate Credit Inc (ELVT) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - December 3 at 2:20 AM
|Head-To-Head Analysis: Elevate Credit (ELVT) & Its Peers|
www.americanbankingnews.com - December 2 at 11:30 PM
|Elevate Credit (ELVT) Lifted to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - November 30 at 9:42 PM
|Elevate Credit, Inc. to Present at KeyBanc Capital Markets Consumer Conference and Jefferies Consumer Finance Summit|
finance.yahoo.com - November 30 at 5:36 PM
|Elevate Credit (ELVT) & Its Rivals Head-To-Head Contrast|
www.americanbankingnews.com - November 29 at 9:12 AM
|Elevate’s RISE Product Surpasses $300 Million in Outstanding Loans|
finance.yahoo.com - November 29 at 9:11 AM
|Elevate’s Center for the New Middle Class Launches Industry Research Repository|
finance.yahoo.com - November 20 at 7:04 PM
|Credit Suisse Group Trims Elevate Credit, Inc. (ELVT) Target Price to $10.50|
www.americanbankingnews.com - November 16 at 6:50 PM
|Want to Keep From Overspending This Holiday Season? You Might Avoid Clipping Coupons, Chasing Sales and Paying with Plastic|
finance.yahoo.com - November 14 at 6:41 PM
|Head-To-Head Analysis: Elevate Credit (ELVT) and Its Competitors|
www.americanbankingnews.com - November 11 at 11:18 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 Monday, March, 19, 2018