Research Analysts’ Weekly Ratings Updates for Elevate Credit (ELVT)

Several brokerages have updated their recommendations and price targets on shares of Elevate Credit (NYSE: ELVT) in the last few weeks:

  • 2/12/2018 – Elevate Credit had its price target lowered by analysts at Maxim Group from $10.00 to $8.50. They now have a “buy” rating on the stock.
  • 2/9/2018 – Elevate Credit was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. “
  • 2/9/2018 – Elevate Credit was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
  • 2/5/2018 – Elevate Credit was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. “
  • 1/12/2018 – Elevate Credit was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. “
  • 1/1/2018 – Elevate Credit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. “

Elevate Credit Inc (ELVT) traded down $0.04 on Wednesday, hitting $7.26. 88,448 shares of the stock were exchanged, compared to its average volume of 216,784. Elevate Credit Inc has a one year low of $5.90 and a one year high of $9.48. The firm has a market cap of $287.58 and a P/E ratio of -51.85.

Elevate Credit (NYSE:ELVT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14). Elevate Credit had a negative net margin of 1.03% and a positive return on equity of 7.30%. The company had revenue of $193.44 million during the quarter, compared to analyst estimates of $194.10 million. The business’s quarterly revenue was up 14.5% on a year-over-year basis. analysts expect that Elevate Credit Inc will post 0.92 EPS for the current year.

Elevate Credit, Inc provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders.

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