Elevate Credit Inc (ELVT) Director Tyler W. K. Head Sells 356,494 Shares

Elevate Credit Inc (NYSE:ELVT) Director Tyler W. K. Head sold 356,494 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $4.36, for a total transaction of $1,554,313.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE ELVT opened at $4.20 on Friday. The stock has a market capitalization of $189.18 million, a PE ratio of 13.69 and a beta of 3.14. Elevate Credit Inc has a 52 week low of $3.71 and a 52 week high of $11.27.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC acquired a new stake in Elevate Credit during the second quarter worth about $134,000. Engineers Gate Manager LP acquired a new stake in Elevate Credit during the second quarter worth about $141,000. Bank of Montreal Can acquired a new stake in Elevate Credit during the second quarter worth about $172,000. First Trust Advisors LP acquired a new stake in Elevate Credit during the third quarter worth about $222,000. Finally, Brighton Jones LLC increased its position in Elevate Credit by 96.4% during the second quarter. Brighton Jones LLC now owns 28,673 shares of the company’s stock worth $243,000 after purchasing an additional 14,072 shares during the last quarter. Institutional investors and hedge funds own 46.09% of the company’s stock.

Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Elevate Credit from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Elevate Credit from a “strong-buy” rating to a “hold” rating in a report on Friday, July 20th. Stephens set a $9.00 price objective on shares of Elevate Credit and gave the company a “hold” rating in a report on Tuesday, July 31st. William Blair reaffirmed a “market perform” rating on shares of Elevate Credit in a report on Tuesday, October 30th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Elevate Credit in a report on Tuesday, October 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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Insider Buying and Selling by Quarter for Elevate Credit (NYSE:ELVT)

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