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NYSE:ELVT

Elevate Credit Stock Forecast, Price & News

$2.49
+0.25 (+11.16 %)
(As of 09/28/2020 12:00 AM ET)
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Today's Range
$2.31
Now: $2.49
$2.50
50-Day Range
$1.97
MA: $2.32
$2.85
52-Week Range
$0.89
Now: $2.49
$5.98
Volume514,567 shs
Average Volume405,396 shs
Market Capitalization$101.56 million
P/E Ratio6.38
Dividend YieldN/A
Beta3.23
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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product. The company was incorporated in 2014 and is headquartered in Fort Worth, Texas.
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Elevate Credit logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone817-928-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$746.96 million
Cash Flow$1.37 per share
Book Value$3.54 per share

Profitability

Net Income$32.18 million

Miscellaneous

Employees685
Market Cap$101.56 million
Next Earnings Date11/2/2020 (Estimated)
OptionableNot Optionable
$2.49
+0.25 (+11.16 %)
(As of 09/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Elevate Credit (NYSE:ELVT) Frequently Asked Questions

How has Elevate Credit's stock price been impacted by COVID-19 (Coronavirus)?

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 decreased by 2.4% and is now trading at $2.49.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Elevate Credit?

5 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Elevate Credit
.

When is Elevate Credit's next earnings date?

Elevate Credit is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Elevate Credit
.

How were Elevate Credit's earnings last quarter?

Elevate Credit Inc (NYSE:ELVT) announced its quarterly earnings data on Thursday, August, 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.18. The company had revenue of $117.99 million for the quarter, compared to the consensus estimate of $164.38 million. Elevate Credit had a return on equity of 24.93% and a net margin of 2.47%.
View Elevate Credit's earnings history
.

What price target have analysts set for ELVT?

5 equities research analysts have issued 1 year target prices for Elevate Credit's stock. Their forecasts range from $2.00 to $4.00. On average, they expect Elevate Credit's share price to reach $3.00 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
View analysts' price targets for Elevate Credit
.

Are investors shorting Elevate Credit?

Elevate Credit saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 353,500 shares, an increase of 31.6% from the August 31st total of 268,600 shares. Based on an average trading volume of 438,400 shares, the short-interest ratio is presently 0.8 days. Currently, 1.8% of the company's shares are sold short.
View Elevate Credit's Short Interest
.

Who are some of Elevate Credit's key competitors?

What other stocks do shareholders of Elevate Credit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Digital Turbine (APPS), Tesla (TSLA), Allena Pharmaceuticals (ALNA), Surgery Partners (SGRY), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Matinas BioPharma (MTNB), Veru (VERU), Ardelyx (ARDX) and Alteryx (AYX).

Who are Elevate Credit's key executives?

Elevate Credit's management team includes the following 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 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.

What is Elevate Credit's stock symbol?

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

Who are Elevate Credit's major shareholders?

Elevate Credit's stock is owned by a number of institutional and retail investors. Top institutional investors include Bridgeway Capital Management Inc. (2.60%), Raymond James Financial Services Advisors Inc. (1.45%), Jacobs Levy Equity Management Inc. (0.66%), WINTON GROUP Ltd (0.44%), Russell Investments Group Ltd. (0.28%) and Bank of New York Mellon Corp (0.26%). 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
.

Which institutional investors are selling Elevate Credit stock?

ELVT stock was sold by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., Jacobs Levy Equity Management Inc., and Bank of New York Mellon Corp. 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, and Scgf Iii Management Llc.
View insider buying and selling activity for Elevate Credit
.

Which institutional investors are buying Elevate Credit stock?

ELVT stock was purchased by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Bridgeway Capital Management Inc., WINTON GROUP Ltd, Jane Street Group LLC, Russell Investments Group Ltd., First Republic Investment Management Inc., Goldman Sachs Group Inc., and Assenagon Asset Management S.A.. 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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is Elevate Credit's stock price today?

One share of ELVT stock can currently be purchased for approximately $2.49.

How big of a company is Elevate Credit?

Elevate Credit has a market capitalization of $101.56 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.

What is Elevate Credit's official website?

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

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]

This page was last updated on 9/28/2020 by MarketBeat.com Staff

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