Elevate Credit Inc (NYSE:ELVT) Director Tyler W. K. Head sold 356,494 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $4.36, for a total value of $1,554,313.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of ELVT traded down $0.18 during trading hours on Friday, hitting $4.20. The stock had a trading volume of 294,200 shares, compared to its average volume of 242,818. The firm has a market capitalization of $200.41 million, a P/E ratio of 26.56 and a beta of 3.14. Elevate Credit Inc has a 12-month low of $3.71 and a 12-month high of $11.27.
Elevate Credit (NYSE:ELVT) last issued its earnings results on Monday, October 29th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.23). The firm had revenue of $201.48 million during the quarter, compared to analysts’ expectations of $201.71 million. Elevate Credit had a positive return on equity of 12.82% and a negative net margin of 0.49%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. On average, equities research analysts forecast that Elevate Credit Inc will post 0.41 EPS for the current year.
ELVT has been the topic of a number of recent analyst reports. Zacks Investment Research raised Elevate Credit from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, July 24th. William Blair reissued a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, October 30th. ValuEngine raised Elevate Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. JMP Securities reissued a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, October 30th. Finally, Stephens set a $5.00 target price on Elevate Credit and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Elevate Credit presently has a consensus rating of “Hold” and an average price target of $10.00.
Several institutional investors and hedge funds have recently modified their holdings of ELVT. Ingalls & Snyder LLC purchased a new position in shares of Elevate Credit in the 2nd quarter worth $134,000. Engineers Gate Manager LP purchased a new position in shares of Elevate Credit in the 2nd quarter worth $141,000. Bank of Montreal Can purchased a new position in shares of Elevate Credit in the 2nd quarter worth $172,000. First Trust Advisors LP purchased a new position in shares of Elevate Credit in the 3rd quarter worth $222,000. Finally, Brighton Jones LLC raised its position in shares of Elevate Credit by 96.4% in the 2nd quarter. Brighton Jones LLC now owns 28,673 shares of the company’s stock worth $243,000 after buying an additional 14,072 shares during the period. 46.09% of the stock is currently owned by institutional investors and hedge funds.
Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
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