NYSE:ELVTElevate Credit Stock Price, Forecast & 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 6.7% and is now trading at $2.38.
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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 Inc (NYSE:ELVT) posted its quarterly earnings data on Wednesday, May, 6th. The company reported $0.17 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.17. The company earned $177.46 million during the quarter, compared to the consensus estimate 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.

5 brokers have issued 1 year target prices for Elevate Credit's shares. Their forecasts range from $2.00 to $4.00. On average, they anticipate Elevate Credit's stock price to reach $3.00 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts' price targets for Elevate Credit.

News articles about ELVT stock have been trending negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Elevate Credit earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely 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 decrease in short interest in the month of July. As of July 31st, there was short interest totaling 302,800 shares, a decrease of 25.2% from the July 15th total of 405,000 shares. Based on an average daily trading volume, of 499,300 shares, the short-interest ratio is presently 0.6 days. Approximately 1.4% of the company's shares are short sold.
View Elevate Credit's Current Options Chain.

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

Elevate Credit's stock is owned by many different retail and institutional investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (1.45%), WINTON GROUP Ltd (0.44%), Russell Investments Group Ltd. (0.28%) 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., WINTON GROUP Ltd, Russell Investments Group Ltd., 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 $2.38.

Elevate Credit has a market capitalization of $101.39 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]