NYSE:ELVTElevate Credit Stock Price, Forecast & News

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 stock has decreased by 31.0% and is now trading at $1.76. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Elevate Credit.

Elevate Credit is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Elevate Credit.

Elevate Credit Inc (NYSE:ELVT) announced its quarterly earnings results on Wednesday, May, 6th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $177.46 million for the quarter, compared to analyst estimates of $186.29 million. Elevate Credit had a return on equity of 17.92% and a net margin of 1.89%. View Elevate Credit's earnings history.

6 brokers have issued 1-year price targets for Elevate Credit's shares. Their forecasts range from $2.00 to $6.00. On average, they anticipate Elevate Credit's stock price to reach $4.00 in the next year. This suggests a possible upside of 127.3% from the stock's current price. View analysts' price targets for Elevate Credit.

News articles about ELVT stock have trended neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Elevate Credit earned a news impact score of 0.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutElevate Credit.

Elevate Credit saw a increase in short interest in May. As of May 15th, there was short interest totaling 621,200 shares, an increase of 18.6% from the April 30th total of 523,600 shares. Based on an average daily volume of 445,000 shares, the short-interest ratio is presently 1.4 days. Approximately 2.9% of the company's shares are sold short. View Elevate Credit's Current Options Chain.

Some companies that are related to Elevate Credit include America First Multifamily Investors (ATAX), Curo Group (CURO), CNFinance (CNF), Oportun Financial (OPRT), Wins Finance (WINS), X Financial (XYF), Security National Financial (SNFCA), Jiayin Group (JFIN), Weidai (WEI), Medallion Financial (MFIN), Consumer Portfolio Services (CPSS), On Deck Capital (ONDK), Fincera (YUANF), Mogo Finance Technology (MOGO) and Harvest Capital Credit (HCAP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Allena Pharmaceuticals (ALNA), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Ring Energy (REI), Ring Energy (REI), ZIX (ZIXI), Earthstone Energy (ESTE) and Extreme Networks (EXTR).

(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.

Elevate Credit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELVT."

Elevate Credit's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Requisite Capital Management LLC (5.32%), BlackRock Inc. (3.77%), Prescott Group Capital Management L.L.C. (2.13%), Osborn Williams & Donohoe LLC (1.29%), Acadian Asset Management LLC (1.05%) and Geode Capital Management LLC (0.75%). Company insiders that own Elevate Credit stock include Bradley R Strock, David Curry Peterson, Jason Harvison, John C Dean, Kenneth E Rees, Scff Management Llc, Scgf Iii Management Llc, Sequoia Capital Growth Fund Ii, Stephen J Shaper and Tyler W K Head. View institutional ownership trends for Elevate Credit.

ELVT stock was sold by a variety of institutional investors in the last quarter, including Requisite Capital Management LLC, Prescott Group Capital Management L.L.C., Mackay Shields LLC, BlackRock Inc., Morgan Stanley, Parametric Portfolio Associates LLC, Squarepoint Ops LLC, and Nuveen Asset Management LLC. Company insiders that have sold Elevate Credit company stock in the last year include David Curry Peterson, Jason Harvison, Kenneth E Rees, Scff Management Llc, Scgf Iii Management Llc, and Sequoia Capital Growth Fund Ii. View insider buying and selling activity for Elevate Credit.

ELVT stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Osborn Williams & Donohoe LLC, Weber Alan W, Globeflex Capital L P, Geode Capital Management LLC, Deutsche Bank AG, WINTON GROUP Ltd, and Invesco Ltd.. 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 activity for 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.

One share of ELVT stock can currently be purchased for approximately $1.76.

Elevate Credit has a market capitalization of $74.98 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 685 workers across the globe.

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

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]