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 (WHO). Since then, ELVT stock has increased by 1.2% and is now trading at $2.58.
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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."
View analyst ratings for Elevate Credit.

Elevate Credit Inc (NYSE:ELVT) released its earnings results on Wednesday, May, 6th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business earned $177.46 million during the quarter, compared to the consensus estimate of $186.29 million. Elevate Credit had a net margin of 1.89% and a return on equity of 17.92%.
View Elevate Credit's earnings history.

5 equities research analysts have issued 1-year target prices for Elevate Credit's stock. Their forecasts range from $2.00 to $4.00. On average, they anticipate Elevate Credit's share price to reach $3.00 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts' price targets for Elevate Credit.

Media coverage about ELVT stock has trended very positive on Saturday, according to InfoTrie. InfoTrie rates the sentiment of news 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 closest to five being the most favorable. Elevate Credit earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Elevate Credit.

Elevate Credit saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 302,800 shares, a decline of 25.2% from the July 15th total of 405,000 shares. Based on an average daily trading volume, of 499,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.4% of the company's shares are sold short.
View Elevate Credit's Current Options Chain.

Some companies that are related to Elevate Credit include Oportun Financial (OPRT), Yirendai (YRD), Curo Group (CURO), America First Multifamily Investors (ATAX), CNFinance (CNF), Jiayin Group (JFIN), X Financial (XYF), Security National Financial (SNFCA), On Deck Capital (ONDK), Weidai (WEI), Medallion Financial (MFIN), Velocity Financial (VEL), Golden Bull (DNJR), Consumer Portfolio Services (CPSS) and Mogo Finance Technology (MOGO).
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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 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 a variety of 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 purchased 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 $2.58.

Elevate Credit has a market capitalization of $109.91 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]