Elevate Credit Stock Price, News & Analysis (NYSE:ELVT)

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

Elevate Credit Inc (NYSE:ELVT) issued its quarterly earnings data on Monday, July, 29th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.06. The firm had revenue of $177.76 million for the quarter, compared to analysts' expectations of $187.48 million. Elevate Credit had a net margin of 2.45% and a return on equity of 19.19%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. View Elevate Credit's Earnings History.

Elevate Credit is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Elevate Credit.

Elevate Credit will be holding an earnings conference call on Monday, November 4th 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 issued an update on its FY19 earnings guidance on Monday, July, 29th. The company provided EPS guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.59. The company issued revenue guidance of $750-770 million, compared to the consensus revenue estimate of $813.10 million.

8 Wall Street analysts have issued 12 month price objectives for Elevate Credit's shares. Their predictions range from $5.00 to $10.00. On average, they expect Elevate Credit's stock price to reach $6.50 in the next year. This suggests a possible upside of 58.5% from the stock's current price. View Analyst Price Targets for Elevate Credit.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Elevate Credit.

News headlines about ELVT stock have trended somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Elevate Credit earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Elevate Credit.

Elevate Credit saw a drop in short interest in the month of September. As of September 30th, there was short interest totalling 171,200 shares, a drop of 20.6% from the August 30th total of 215,700 shares. Based on an average daily volume of 103,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the stock are sold short. View Elevate Credit's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Allena Pharmaceuticals (ALNA), ArQule (ARQL), Corbus Pharmaceuticals (CRBP), Genocea Biosciences (GNCA), Iovance Biotherapeutics (IOVA), Aqua Metals (AQMS), Ardelyx (ARDX), Athersys (ATHX), Abraxas Petroleum (AXAS) and AXT (AXTI).

(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 acted as the underwriters for the IPO and Stifel and William Blair were co-managers.

Elevate Credit's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Ingalls & Snyder LLC (0.07%) and Meeder Asset Management Inc. (0.03%). Company insiders that own Elevate Credit stock include Bradley R Strock, Jason Harvison, John C Dean, Kenneth E Rees, Scff 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 Ingalls & Snyder LLC. Company insiders that have sold Elevate Credit company stock in the last year include Jason Harvison, Kenneth E Rees, Scff Management Llc, Sequoia Capital Growth Fund Ii and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.

ELVT stock was purchased by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. 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 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 $4.10.

Elevate Credit has a market capitalization of $180.93 million and generates $786.68 million in revenue each year. The company earns $12.51 million in net income (profit) each year or $0.39 on an earnings per share basis. Elevate Credit employs 685 workers across the globe.View Additional Information About Elevate Credit.

The official website for Elevate Credit is http://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]