News headlines about Elevate Credit (NYSE:ELVT) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Elevate Credit earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4363816800634 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Elevate Credit Inc (ELVT) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Head-To-Head Analysis: Elevate Credit (ELVT) & Its Peers (americanbankingnews.com)
- Elevate Credit (ELVT) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Elevate Credit, Inc. to Present at KeyBanc Capital Markets Consumer Conference and Jefferies Consumer Finance Summit (finance.yahoo.com)
- Elevate Credit (ELVT) & Its Rivals Head-To-Head Contrast (americanbankingnews.com)
Several equities research analysts recently issued reports on ELVT shares. Zacks Investment Research upgraded shares of Elevate Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Stephens started coverage on shares of Elevate Credit in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $8.50 price objective for the company. BidaskClub upgraded shares of Elevate Credit from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 7th. Maxim Group restated a “buy” rating and set a $10.00 price objective on shares of Elevate Credit in a research report on Tuesday, October 31st. Finally, Credit Suisse Group cut their price objective on shares of Elevate Credit from $11.00 to $10.50 and set an “outperform” rating for the company in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.57.
Elevate Credit (NYSE:ELVT) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Elevate Credit had a net margin of 0.13% and a return on equity of 1.40%. The business had revenue of $172.80 million during the quarter, compared to analyst estimates of $175.00 million. During the same quarter last year, the firm posted ($1.25) earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. analysts expect that Elevate Credit will post 0.27 earnings per share for the current fiscal year.
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Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders.
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