Elevate Credit Inc. (NYSE:ELVT) shares traded unchanged at $1.82 on Wall Street last session.
In accordance with the data, 2 analysts cover Elevate Credit Inc. (NYSE:ELVT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $2.50, we find $2.50. Given the previous closing price of $1.82, this indicates a potential upside of 37.36 percent. ELVT stock price is now 7.42% away from the 50-day moving average and -6.13% away from the 200-day moving average. The market capitalization of the company currently stands at $57.62M.
It has been rated a hold by 1 analysts and a buy by 1. Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
, while ‘BTIG Research’ rates the stock as ‘Buy’.
In other news, Strock Bradley R., Director bought 4,032 shares of the company’s stock on May 19. The stock was bought for $9,999 at an average price of $2.48. Upon completion of the transaction, the Director now directly owns 151,856 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Chief Strategy Officer Lutes Christopher bought 41,267 shares of the business’s stock. A total of $99,866 was incurred on buying the stock at an average price of $2.42. This leaves the insider owning 594,833 shares of the company worth $1.08 million. Insiders disposed of 248,344 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 5.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ELVT stock. A new stake in Elevate Credit Inc. shares was purchased by CONNECTICUT WEALTH MANAGEMENT, LLC during the first quarter worth $359,000. MILLENNIUM MANAGEMENT LLC invested $166,000 in shares of ELVT during the first quarter. In the first quarter, SIGNATUREFD, LLC acquired a new stake in Elevate Credit Inc. valued at approximately $17,000. SIMPLEX TRADING, LLC acquired a new stake in ELVT for approximately $3,000. FNY INVESTMENT ADVISERS, LLC purchased a new stake in ELVT valued at around $3,000 in the second quarter. In total, there are 54 active investors with 32.10% ownership of the company’s stock.
Elevate Credit Inc. (NYSE: ELVT) opened at $1.8100 on Tuesday. During the past 12 months, Elevate Credit Inc. has had a low of $0.67 and a high of $3.95. The fifty day moving average price for ELVT is $1.6942 and a two-hundred day moving average price translates $1.9389 for the stock.
The latest earnings results from Elevate Credit Inc. (NYSE: ELVT) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at -$0.21, beating analysts’ expectations of -$0.42 by 0.21. This compares to -$0.33 EPS in the same period last year. The net profit margin was -13.60% and return on equity was -41.40% for ELVT. The company reported revenue of $125.62 million for the quarter, compared to $112.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.33 percent. For the current quarter, analysts expect ELVT to generate $125.51M in revenue.
Elevate Credit Inc.(ELVT) Company Profile
Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States. The company offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan product; Elastic, a line of credit product; and Today Card, a credit card product. Elevate Credit, Inc. was incorporated in 2014 and is headquartered in Fort Worth, Texas.