NYSE:ELVT - Elevate 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. Since then, ELVT stock has decreased by 63.9% and is now trading at $0.92. View which stocks have been mosted impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating 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, May 4th 2020. View our earnings forecast for Elevate Credit.

Elevate Credit Inc (NYSE:ELVT) issued its earnings results on Monday, February, 10th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm earned $186.92 million during the quarter, compared to the consensus estimate of $186.85 million. Elevate Credit had a net margin of 4.31% and a return on equity of 22.38%. View Elevate Credit's earnings history.

Elevate Credit updated its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of 0.80-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.88. The company issued revenue guidance of $750-770 million, compared to the consensus revenue estimate of $780.99 million.

3 brokerages have issued twelve-month target prices for Elevate Credit's stock. Their forecasts range from $6.00 to $6.00. On average, they anticipate Elevate Credit's share price to reach $6.00 in the next year. This suggests a possible upside of 552.2% from the stock's current price. View analysts' price targets for Elevate Credit.

Media headlines about ELVT stock have trended very negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Elevate Credit earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutElevate Credit.

Some companies that are related to Elevate Credit include Jiayin Group (JFIN), Weidai (WEI), Fincera (YUANF), Security National Financial (SNFCA), On Deck Capital (ONDK), Medallion Financial (MFIN), Consumer Portfolio Services (CPSS), Mogo Finance Technology (MOGO), Harvest Capital Credit (HCAP), Hexindai (HX), Senmiao Technology (AIHS), China Rapid Finance (XRF), Golden Bull (DNJR) and LM Funding America (LMFA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Allena Pharmaceuticals (ALNA), Extreme Networks (EXTR), Netflix (NFLX), Stitch Fix (SFIX), Energy Transfer LP Unit (ET), Select Medical (SEM) and Verizon Communications (VZ).

(ELVT) raised $100 million in an 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 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 $0.92.

Elevate Credit has a market capitalization of $39.58 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. 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]