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

Elevate Credit (NYSE:ELVT) COO Jason Harvison sold 2,500 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $8.02, for a total transaction of $20,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, May 15th, Jason Harvison sold 2,500 shares of Elevate Credit stock. The stock was sold at an average price of $8.45, for a total transaction of $21,125.00.
  • 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.

Shares of Elevate Credit opened at $8.28 on Wednesday, MarketBeat reports. Elevate Credit has a 52-week low of $5.90 and a 52-week high of $9.48. The stock has a market capitalization of $348.69 million, a P/E ratio of 51.75 and a beta of 0.73.

Elevate Credit (NYSE:ELVT) last announced its quarterly earnings results on Monday, April 30th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.09. Elevate Credit had a return on equity of 12.91% and a net margin of 0.13%. The firm had revenue of $193.50 million for the quarter, compared to analysts’ expectations of $189.40 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. equities analysts anticipate that Elevate Credit will post 0.78 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ELVT. Millennium Management LLC bought a new stake in shares of Elevate Credit during the fourth quarter valued at about $102,000. Brighton Jones LLC bought a new stake in shares of Elevate Credit during the first quarter valued at about $103,000. Jane Street Group LLC bought a new stake in shares of Elevate Credit during the fourth quarter valued at about $113,000. Wells Fargo & Company MN increased its position in shares of Elevate Credit by 1,839.5% during the fourth quarter. Wells Fargo & Company MN now owns 19,473 shares of the company’s stock valued at $147,000 after buying an additional 18,469 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Elevate Credit by 45.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 35,400 shares of the company’s stock valued at $251,000 after buying an additional 11,000 shares during the period. Hedge funds and other institutional investors own 42.76% of the company’s stock.

A number of equities analysts recently weighed in on ELVT shares. Zacks Investment Research raised shares of Elevate Credit from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st. UBS Group began coverage on Elevate Credit in a research note on Tuesday, March 27th. They issued a “buy” rating and a $10.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.82.

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