Elevate Credit Inc (NYSE:ELVT) – Equities research analysts at William Blair decreased their Q1 2020 earnings per share (EPS) estimates for shares of Elevate Credit in a note issued to investors on Wednesday, February 12th. William Blair analyst R. Napoli now expects that the company will earn $0.18 per share for the quarter, down from their previous forecast of $0.37. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Elevate Credit’s Q4 2020 earnings at $0.27 EPS, FY2020 earnings at $0.85 EPS and Q4 2021 earnings at $0.35 EPS.
Elevate Credit (NYSE:ELVT) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Elevate Credit had a net margin of 4.31% and a return on equity of 23.06%. The firm had revenue of $186.92 million for the quarter, compared to analyst estimates of $186.85 million.
ELVT has been the topic of a number of other reports. Zacks Investment Research lowered shares of Elevate Credit from a “buy” rating to a “hold” rating in a research report on Friday. Stephens lowered shares of Elevate Credit from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 6th. Finally, ValuEngine lowered shares of Elevate Credit from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.25.
NYSE:ELVT opened at $4.16 on Friday. The firm’s fifty day moving average price is $4.65 and its 200 day moving average price is $4.40. Elevate Credit has a 1-year low of $3.71 and a 1-year high of $5.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $203.57 million, a price-to-earnings ratio of 5.70 and a beta of 1.26.
Several large investors have recently added to or reduced their stakes in ELVT. Meeder Asset Management Inc. raised its stake in shares of Elevate Credit by 938.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock worth $57,000 after buying an additional 12,316 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Elevate Credit during the 4th quarter worth $60,000. Jane Street Group LLC acquired a new position in shares of Elevate Credit during the 2nd quarter worth $62,000. Public Employees Retirement System of Ohio raised its stake in shares of Elevate Credit by 166.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,039 shares of the company’s stock worth $72,000 after buying an additional 10,639 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Elevate Credit during the 4th quarter worth $76,000. 48.30% of the stock is owned by institutional investors and hedge funds.
In other Elevate Credit news, Director Kenneth E. Rees sold 15,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.04, for a total value of $60,600.00. Following the completion of the sale, the director now owns 471,342 shares of the company’s stock, valued at $1,904,221.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Scff Management Llc sold 45,598 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $4.35, for a total value of $198,351.30. The disclosure for this sale can be found here. In the last three months, insiders sold 313,494 shares of company stock valued at $1,323,806. 17.00% of the stock is owned by corporate insiders.
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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.
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