Elevate Credit (NYSE:ELVT) – Equities research analysts at William Blair reduced their Q1 2018 earnings per share (EPS) estimates for shares of Elevate Credit in a report issued on Wednesday, March 14th, Zacks Investment Research reports. William Blair analyst R. Napoli now anticipates that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.15. William Blair also issued estimates for Elevate Credit’s Q4 2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.20 EPS and FY2020 earnings at $1.64 EPS.
Other equities research analysts have also issued research reports about the company. BTIG Research lowered Elevate Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Zacks Investment Research lowered Elevate Credit from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. UBS started coverage on Elevate Credit in a research note on Tuesday, March 27th. They set a “buy” rating and a $10.50 price target for the company. JMP Securities started coverage on Elevate Credit in a research note on Tuesday, December 12th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Maxim Group dropped their price target on Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.18.
NYSE:ELVT traded up $0.07 during trading hours on Thursday, hitting $7.48. 89,855 shares of the company’s stock traded hands, compared to its average volume of 91,480. The firm has a market capitalization of $310.18 and a price-to-earnings ratio of 46.31. Elevate Credit has a 52 week low of $5.90 and a 52 week high of $9.48.
Elevate Credit (NYSE:ELVT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.14). The company had revenue of $193.44 million during the quarter, compared to analysts’ expectations of $194.10 million. Elevate Credit had a negative net margin of 1.03% and a positive return on equity of 6.84%. The company’s revenue was up 14.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. bought a new stake in shares of Elevate Credit in the 4th quarter valued at about $1,847,000. Vanguard Group Inc. bought a new stake in shares of Elevate Credit in the 2nd quarter valued at about $1,806,000. Northern Trust Corp bought a new stake in shares of Elevate Credit in the 2nd quarter valued at about $1,185,000. State Street Corp bought a new stake in shares of Elevate Credit in the 2nd quarter valued at about $1,176,000. Finally, Paragon Wealth Strategies LLC lifted its stake in shares of Elevate Credit by 1,074.5% in the 4th quarter. Paragon Wealth Strategies LLC now owns 135,062 shares of the company’s stock valued at $1,017,000 after acquiring an additional 123,562 shares during the last quarter. 42.25% of the stock is owned by institutional investors.
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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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