Elevate Credit Inc (NYSE:ELVT) – Research analysts at William Blair lifted their Q4 2019 earnings per share estimates for Elevate Credit in a research note issued on Tuesday, April 30th, Zacks Investment Research reports. William Blair analyst R. Napoli now anticipates that the company will post earnings per share of $0.18 for the quarter, up from their previous estimate of $0.15. William Blair also issued estimates for Elevate Credit’s Q1 2020 earnings at $0.43 EPS, FY2020 earnings at $0.76 EPS and FY2021 earnings at $0.95 EPS.
A number of other equities research analysts have also issued reports on ELVT. Maxim Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of Elevate Credit in a research note on Tuesday, February 12th. BTIG Research raised Elevate Credit from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Wednesday, February 13th. Zacks Investment Research lowered Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. UBS Group lowered Elevate Credit from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Friday, February 22nd. Finally, ValuEngine lowered Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.65.
Shares of ELVT traded down $0.05 on Thursday, reaching $4.40. The stock had a trading volume of 69,666 shares, compared to its average volume of 135,809. Elevate Credit has a twelve month low of $3.71 and a twelve month high of $11.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $190.94 million, a P/E ratio of 11.28 and a beta of 1.76.
Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Monday, April 29th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $189.50 million for the quarter, compared to analysts’ expectations of $195.52 million. Elevate Credit had a return on equity of 18.02% and a net margin of 2.09%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS.
In other Elevate Credit news, COO Jason Harvison sold 10,300 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $4.57, for a total transaction of $47,071.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kenneth E. Rees sold 15,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,300 shares of company stock worth $357,221. 17.00% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Elevate Credit by 3,030.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,280 shares of the company’s stock worth $1,033,000 after purchasing an additional 124,182 shares during the period. Wells Fargo & Company MN raised its position in shares of Elevate Credit by 33.3% in the 3rd quarter. Wells Fargo & Company MN now owns 101,362 shares of the company’s stock worth $817,000 after buying an additional 25,337 shares during the period. Vanguard Group Inc raised its position in shares of Elevate Credit by 12.4% in the 3rd quarter. Vanguard Group Inc now owns 990,375 shares of the company’s stock worth $7,983,000 after buying an additional 109,257 shares during the period. Osborn Williams & Donohoe LLC raised its position in shares of Elevate Credit by 42.1% in the 4th quarter. Osborn Williams & Donohoe LLC now owns 371,000 shares of the company’s stock worth $1,662,000 after buying an additional 110,000 shares during the period. Finally, Ingalls & Snyder LLC raised its position in shares of Elevate Credit by 17.6% in the 4th quarter. Ingalls & Snyder LLC now owns 38,249 shares of the company’s stock worth $171,000 after buying an additional 5,730 shares during the period. 48.94% of the stock is currently owned by institutional investors.
About Elevate Credit
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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.
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