Elevate Credit (ELVT) Receiving Somewhat Favorable News Coverage, Analysis Shows

News stories about Elevate Credit (NYSE:ELVT) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Elevate Credit earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the company an impact score of 43.8904198713269 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

ELVT has been the subject of a number of research reports. BTIG Research lowered shares of Elevate Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Zacks Investment Research lowered shares of Elevate Credit from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. UBS initiated coverage on shares of Elevate Credit in a research note on Tuesday, March 27th. They set a “buy” rating and a $10.50 target price for the company. Finally, Maxim Group decreased their target price on shares of Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.31.

Shares of NYSE:ELVT opened at $7.49 on Monday. The firm has a market cap of $313.53 and a price-to-earnings ratio of 46.81. Elevate Credit has a 12-month low of $5.90 and a 12-month high of $9.48.

Elevate Credit (NYSE:ELVT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.14). Elevate Credit had a negative net margin of 1.03% and a positive return on equity of 6.84%. The business had revenue of $193.44 million during the quarter, compared to analyst estimates of $194.10 million. The firm’s revenue was up 14.5% on a year-over-year basis. equities research analysts expect that Elevate Credit will post 0.73 earnings per share for the current fiscal year.

In related news, COO Jason Harvison sold 8,476 shares of Elevate Credit stock in a transaction on Monday, April 9th. The shares were sold at an average price of $7.50, for a total value of $63,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 18,268 shares of company stock valued at $137,078. 32.00% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Elevate Credit (ELVT) Receiving Somewhat Favorable News Coverage, Analysis Shows” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/23/elevate-credit-elvt-receiving-somewhat-favorable-news-coverage-analysis-shows.html.

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.

Insider Buying and Selling by Quarter for Elevate Credit (NYSE:ELVT)

Receive News & Ratings for Elevate Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elevate Credit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply