Elevate Credit Stock Forecast, Price & News

Elevate Credit's stock was trading at $2.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ELVT stock has decreased by 14.5% and is now trading at $2.18.
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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 Monday, November 2nd 2020.
View our earnings forecast for Elevate Credit.

Elevate Credit Inc (NYSE:ELVT) announced its earnings results on Thursday, August, 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.18. The company earned $117.99 million during 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.

5 Wall Street analysts have issued 12 month price targets for Elevate Credit's shares. Their forecasts range from $2.00 to $4.00. On average, they expect Elevate Credit's stock price to reach $3.00 in the next year. This suggests a possible upside of 37.6% from the stock's current price.
View analysts' price targets for Elevate Credit.

Elevate Credit saw a increase in short interest in August. As of August 31st, there was short interest totaling 268,600 shares, an increase of 42.9% from the August 15th total of 187,900 shares. Based on an average daily trading volume, of 444,600 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the company's shares are sold short.
View Elevate Credit's Short Interest.

Some companies that are related to Elevate Credit include Oportun Financial (OPRT), Curo Group (CURO), Yirendai (YRD), America First Multifamily Investors (ATAX), CNFinance (CNF), Jiayin Group (JFIN), 9F (JFU), Security National Financial (SNFCA), Velocity Financial (VEL), On Deck Capital (ONDK), X Financial (XYF), Consumer Portfolio Services (CPSS), Fincera (YUANF), Weidai (WEI) and Medallion Financial (MFIN).
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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).

(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 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."

Elevate Credit's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

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.

ELVT stock was acquired 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.

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 $2.18.

Elevate Credit has a market capitalization of $88.92 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]