Elevate Credit Inc (NYSE:ELVT) CEO Kenneth E. Rees sold 15,000 shares of Elevate Credit stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $4.46, for a total value of $66,900.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Elevate Credit stock traded up $0.07 during mid-day trading on Wednesday, hitting $4.49. The company had a trading volume of 50,400 shares, compared to its average volume of 128,816. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.12. Elevate Credit Inc has a 12-month low of $3.71 and a 12-month high of $11.27. The firm has a market cap of $193.11 million, a PE ratio of 11.51 and a beta of 1.57.
Elevate Credit (NYSE:ELVT) last released its quarterly earnings data on Monday, April 29th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.13. Elevate Credit had a return on equity of 18.02% and a net margin of 2.09%. The business had revenue of $189.50 million for the quarter, compared to analyst estimates of $195.52 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Elevate Credit Inc will post 0.6 EPS for the current year.
ELVT has been the topic of a number of research analyst reports. ValuEngine lowered Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Elevate Credit from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, UBS Group lowered Elevate Credit from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Elevate Credit currently has a consensus rating of “Hold” and a consensus target price of $7.65.
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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, 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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