Elevate Credit - ELVT Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ELVT shares.
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1 brokers have issued 12-month target prices for Elevate Credit's stock. Their ELVT share price forecasts range from $2.50 to $2.50. On average, they expect the company's share price to reach $2.50 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price.
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Elevate Credit saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 174,100 shares, an increase of 22.0% from the January 31st total of 142,700 shares. Based on an average trading volume of 193,300 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Elevate Credit, Inc. (NYSE:ELVT) released its quarterly earnings results on Tuesday, November, 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.04. The business had revenue of $112.84 million for the quarter, compared to analysts' expectations of $93.96 million. Elevate Credit had a negative net margin of 13.64% and a negative trailing twelve-month return on equity of 24.09%. During the same period last year, the firm posted $0.42 earnings per share.

32 employees have rated Elevate Credit Chief Executive Officer Jason Harvison on Glassdoor.com. Jason Harvison has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elevate Credit investors own include Tesla (TSLA), Allena Pharmaceuticals (ALNA), Digital Turbine (APPS), Alibaba Group (BABA), DexCom (DXCM), Matinas BioPharma (MTNB), Veru (VERU), Zynga (ZNGA), Ardelyx (ARDX) and Alteryx (AYX).

(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."

One share of ELVT stock can currently be purchased for approximately $1.87.

Elevate Credit (NYSE:ELVT) has a market capitalization of $58.83 million and generates $416.64 million in revenue each year. The company earns $-33,600,000.00 in net income (profit) each year or ($2.12) on an earnings per share basis.

The company employs 436 workers across the globe.

Elevate Credit's mailing address is 4150 INTERNATIONAL PLAZA SUITE 300, FORT WORTH TX, 76109. The official website for the company is www.elevate.com. The company can be reached via phone at (817) 928-1500 or via email at investors@elevate.com.