NYSE:ELVT - Elevate Credit Stock Price, Forecast & News

Elevate Credit's stock was trading at $2.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ELVT stock has decreased by 54.5% and is now trading at $1.16. 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) released its quarterly earnings data on Monday, February, 10th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $186.92 million for 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 issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share (EPS) guidance of 0.80-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88. The company issued revenue guidance of $750-770 million, compared to the consensus revenue estimate of $780.99 million.

3 equities research analysts have issued 12 month price objectives for Elevate Credit's stock. Their forecasts range from $6.00 to $6.00. On average, they expect Elevate Credit's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 417.2% from the stock's current price. View analysts' price targets for Elevate Credit.

News coverage about ELVT stock has trended extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Elevate Credit earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutElevate Credit.

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

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 initial public offering (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."

Elevate Credit's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Requisite Capital Management LLC (10.26%), Renaissance Technologies LLC (2.82%), Prescott Group Capital Management L.L.C. (2.70%), State Street Corp (0.68%), Geode Capital Management LLC (0.63%) and Acadian Asset Management LLC (0.55%). 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, 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., and Zebra Capital Management LLC. 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 Sequoia Capital Growth Fund Ii. View insider buying and selling activity for Elevate Credit.

ELVT stock was acquired by a variety of institutional investors in the last quarter, including Requisite Capital Management LLC, Bank of Montreal Can, Renaissance Technologies LLC, Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Mackay Shields LLC, Acadian Asset Management LLC, and Chicago Equity Partners LLC. 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 $1.16.

Elevate Credit has a market capitalization of $49.90 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]