Elevate Credit Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Elevate Credit stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELVT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Elevate Credit a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Elevate Credit wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Elevate Credit saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 369,300 shares, a decline of 43.3% from the February 28th total of 651,000 shares. Based on an average daily trading volume, of 427,500 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.7% of the company's shares are short sold.
View Elevate Credit's Short Interest.

Elevate Credit is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Elevate Credit.

Elevate Credit, Inc. (NYSE:ELVT) issued its quarterly earnings data on Sunday, February, 7th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.30. The firm earned $90.72 million during the quarter, compared to analysts' expectations of $86.51 million. Elevate Credit had a trailing twelve-month return on equity of 31.90% and a net margin of 5.73%.
View Elevate Credit's earnings history.

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. Since then, ELVT stock has increased by 16.9% and is now trading at $2.98.
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3 analysts have issued 1 year price targets for Elevate Credit's stock. Their forecasts range from $2.00 to $5.60. On average, they anticipate Elevate Credit's share price to reach $3.80 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
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32 employees have rated Elevate Credit CEO Jason Harvison on Glassdoor.com. Jason Harvison has an approval rating of 80% among Elevate Credit's employees.

Some companies that are related to Elevate Credit include Jiayin Group (JFIN), Yiren Digital (YRD), America First Multifamily Investors (ATAX), Mogo (MOGO), 9F (JFU), CNFinance (CNF), Bit Digital (BTBT), X Financial (XYF), Medallion Financial (MFIN), Velocity Financial (VEL), Security National Financial (SNFCA), Weidai (WEI), Consumer Portfolio Services (CPSS), China YiBai United Guarantee International (CBGH) and Senmiao Technology (AIHS).
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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 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 served 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."

Shares of ELVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELVT stock can currently be purchased for approximately $2.98.

Elevate Credit has a market capitalization of $109.78 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 695 workers across the globe.

The official website for Elevate Credit is www.elevate.com.

Elevate Credit is headquartered at 4150 INTERNATIONAL PLAZA SUITE 300, FORT WORTH TX, 76109.

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]