Elevate Credit Inc (ELVT) Holdings Increased by Stephens Inc. AR

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Stephens Inc. AR raised its holdings in shares of Elevate Credit Inc (NYSE:ELVT) by 72.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,000 shares of the company’s stock after purchasing an additional 13,000 shares during the period. Stephens Inc. AR’s holdings in Elevate Credit were worth $139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ELVT. Rhumbline Advisers boosted its stake in shares of Elevate Credit by 55.1% in the 4th quarter. Rhumbline Advisers now owns 26,497 shares of the company’s stock worth $119,000 after buying an additional 9,408 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Elevate Credit by 18.7% in the 4th quarter. First Trust Advisors LP now owns 32,701 shares of the company’s stock worth $147,000 after buying an additional 5,148 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Elevate Credit by 17.6% in the 4th quarter. Ingalls & Snyder LLC now owns 38,249 shares of the company’s stock worth $171,000 after buying an additional 5,730 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Elevate Credit by 33.3% in the 3rd quarter. Wells Fargo & Company MN now owns 101,362 shares of the company’s stock worth $817,000 after buying an additional 25,337 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Elevate Credit by 3,030.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,280 shares of the company’s stock worth $1,033,000 after buying an additional 124,182 shares during the last quarter. Institutional investors and hedge funds own 48.35% of the company’s stock.

ELVT has been the topic of a number of research reports. Jefferies Financial Group downgraded Elevate Credit from a “buy” rating to a “hold” rating and dropped their price target for the stock from $9.50 to $5.00 in a research note on Tuesday, January 8th. UBS Group downgraded Elevate Credit from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Friday, February 22nd. BTIG Research downgraded Elevate Credit from a “buy” rating to a “neutral” rating and set a $4.66 target price on the stock. in a research report on Thursday, February 14th. Maxim Group reiterated a “buy” rating and set a $10.00 target price on shares of Elevate Credit in a research report on Tuesday, February 12th. Finally, Zacks Investment Research upgraded Elevate Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Elevate Credit currently has an average rating of “Hold” and a consensus price target of $7.65.

NYSE ELVT traded up $0.03 on Friday, hitting $4.15. 56,735 shares of the company traded hands, compared to its average volume of 153,394. The company has a market capitalization of $179.08 million, a PE ratio of 10.64 and a beta of 1.77. Elevate Credit Inc has a 52-week low of $3.71 and a 52-week high of $11.27.

Elevate Credit (NYSE:ELVT) last released its earnings results on Monday, February 11th. The company reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $207.29 million for the quarter, compared to the consensus estimate of $212.42 million. Elevate Credit had a return on equity of 15.53% and a net margin of 1.59%. Sell-side analysts anticipate that Elevate Credit Inc will post 0.58 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Elevate Credit (NYSE:ELVT)

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