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. Since then, ELVT shares have decreased by 40.4% and is now trading at $1.52. 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) posted its quarterly earnings data on Wednesday, May, 6th. The company reported $0.17 EPS for the quarter, hitting 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 return on equity of 17.92% and a net margin of 1.89%. View Elevate Credit's earnings history.

6 brokerages have issued 1 year price objectives 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 163.2% from the stock's current price. View analysts' price targets for Elevate Credit.

Media coverage about ELVT stock has been trending very negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Elevate Credit earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage 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 stock's share price in the near term. View the latest news about Elevate Credit.

Elevate Credit saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 610,400 shares, a drop of 9.7% from the May 31st total of 676,000 shares. Based on an average daily trading volume, of 477,800 shares, the days-to-cover ratio is currently 1.3 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), Jiayin Group (JFIN), X Financial (XYF), Security National Financial (SNFCA), Weidai (WEI), Velocity Financial (VEL), Medallion Financial (MFIN), Consumer Portfolio Services (CPSS), Hexindai (HX), On Deck Capital (ONDK), Fincera (YUANF), Mogo Finance Technology (MOGO), Harvest Capital Credit (HCAP), Senmiao Technology (AIHS) and Golden Bull (DNJR). 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 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."

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 $1.52.

Elevate Credit has a market capitalization of $64.75 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]