NYSE:ELVTElevate Credit Stock Price, Forecast & News

Elevate Credit's stock was trading at $2.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ELVT shares have decreased by 16.9% and is now trading at $2.12.
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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."
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Elevate Credit is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
View our earnings forecast for Elevate Credit.

Elevate Credit will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Elevate Credit Inc (NYSE:ELVT) posted its quarterly earnings data on Wednesday, May, 6th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.17. The business earned $177.46 million during the quarter, compared to analysts' expectations of $186.29 million. Elevate Credit had a net margin of 1.89% and a return on equity of 17.92%.
View Elevate Credit's earnings history.

5 Wall Street analysts have issued 1 year price targets 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 twelve months. This suggests a possible upside of 41.5% from the stock's current price.
View analysts' price targets for Elevate Credit.

Media headlines about ELVT stock have been trending negative on Monday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Elevate Credit earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about Elevate Credit.

Elevate Credit saw a decline in short interest in July. As of July 15th, there was short interest totaling 302,800 shares, a decline of 25.2% from the June 30th total of 405,000 shares. Based on an average daily volume of 499,300 shares, the short-interest ratio is currently 0.6 days. Currently, 1.4% of the company's stock are short sold.
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Some companies that are related to Elevate Credit include Yirendai (YRD), Curo Group (CURO), CNFinance (CNF), America First Multifamily Investors (ATAX), Jiayin Group (JFIN), X Financial (XYF), Security National Financial (SNFCA), Weidai (WEI), On Deck Capital (ONDK), Medallion Financial (MFIN), Velocity Financial (VEL), Consumer Portfolio Services (CPSS), Mogo Finance Technology (MOGO), Golden Bull (DNJR) and Hexindai (HX).
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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 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 many different institutional and retail investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (1.45%) and Assenagon Asset Management S.A. (0.06%). 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 acquired by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors 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.

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 $2.12.

Elevate Credit has a market capitalization of $90.31 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]