Elevate Credit (ELVT) COO Jason Harvison Sells 2,500 Shares

Elevate Credit (NYSE:ELVT) COO Jason Harvison sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $8.45, for a total transaction of $21,125.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jason Harvison also recently made the following trade(s):

  • On Wednesday, April 18th, Jason Harvison sold 3,000 shares of Elevate Credit stock. The stock was sold at an average price of $7.50, for a total transaction of $22,500.00.
  • On Monday, April 16th, Jason Harvison sold 6,792 shares of Elevate Credit stock. The stock was sold at an average price of $7.51, for a total transaction of $51,007.92.
  • On Monday, April 9th, Jason Harvison sold 8,476 shares of Elevate Credit stock. The stock was sold at an average price of $7.50, for a total transaction of $63,570.00.

Elevate Credit traded down $0.11, hitting $8.51, during trading on Wednesday, MarketBeat.com reports. 132,144 shares of the company’s stock traded hands, compared to its average volume of 148,857. Elevate Credit has a 52 week low of $8.55 and a 52 week high of $8.66. The firm has a market capitalization of $348.27 million and a P/E ratio of 53.19.

Elevate Credit (NYSE:ELVT) last released its quarterly earnings data on Monday, April 30th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.09. Elevate Credit had a net margin of 0.13% and a return on equity of 12.91%. The business had revenue of $193.50 million during the quarter, compared to analyst estimates of $189.40 million. During the same quarter last year, the business earned $0.06 earnings per share. Elevate Credit’s quarterly revenue was up 23.7% compared to the same quarter last year. research analysts anticipate that Elevate Credit will post 0.75 EPS for the current fiscal year.

A number of brokerages recently weighed in on ELVT. Zacks Investment Research upgraded shares of Elevate Credit from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. UBS started coverage on shares of Elevate Credit in a research report on Tuesday, March 27th. They set a “buy” rating and a $10.50 price objective for the company. Maxim Group lowered their price objective on shares of Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Monday, February 12th. Finally, BTIG Research lowered shares of Elevate Credit from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.82.

A number of hedge funds have recently added to or reduced their stakes in ELVT. Hawk Ridge Capital Management LP lifted its position in Elevate Credit by 47.1% during the first quarter. Hawk Ridge Capital Management LP now owns 1,843,765 shares of the company’s stock valued at $13,054,000 after purchasing an additional 590,101 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Elevate Credit by 113.0% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 522,491 shares of the company’s stock worth $3,699,000 after acquiring an additional 277,183 shares during the last quarter. Paragon Wealth Strategies LLC lifted its holdings 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 worth $1,017,000 after acquiring an additional 123,562 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Elevate Credit in the 1st quarter worth about $729,000. Finally, Phoenix Investment Adviser LLC lifted its holdings in shares of Elevate Credit by 394.6% in the 4th quarter. Phoenix Investment Adviser LLC now owns 118,700 shares of the company’s stock worth $894,000 after acquiring an additional 94,700 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

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 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)

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