Bradley R. Strock Purchases 15,000 Shares of Elevate Credit Inc (ELVT) Stock

Elevate Credit Inc (NYSE:ELVT) Director Bradley R. Strock acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were bought at an average price of $4.43 per share, for a total transaction of $66,450.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

ELVT opened at $4.20 on Friday. Elevate Credit Inc has a 1-year low of $3.71 and a 1-year high of $11.27. The firm has a market capitalization of $189.18 million, a P/E ratio of 13.69 and a beta of 3.14.

Elevate Credit (NYSE:ELVT) last posted its quarterly earnings results on Monday, October 29th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). Elevate Credit had a negative net margin of 0.49% and a positive return on equity of 12.82%. The business had revenue of $201.48 million during the quarter, compared to the consensus estimate of $201.71 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that Elevate Credit Inc will post 0.41 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ingalls & Snyder LLC acquired a new position in Elevate Credit in the 2nd quarter valued at $134,000. Engineers Gate Manager LP acquired a new position in Elevate Credit in the 2nd quarter valued at $141,000. Bank of Montreal Can acquired a new position in Elevate Credit in the 2nd quarter valued at $172,000. First Trust Advisors LP acquired a new position in Elevate Credit in the 3rd quarter valued at $222,000. Finally, Brighton Jones LLC grew its holdings in Elevate Credit by 96.4% in the 2nd quarter. Brighton Jones LLC now owns 28,673 shares of the company’s stock valued at $243,000 after buying an additional 14,072 shares in the last quarter. Institutional investors and hedge funds own 46.09% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Elevate Credit from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, July 24th. William Blair restated a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, October 30th. ValuEngine upgraded Elevate Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. JMP Securities restated a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, October 30th. Finally, Stephens set a $5.00 price target on Elevate Credit and gave the company a “hold” rating in a research note on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.00.

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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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