Elevate Credit (ELVT) Earns News Sentiment Rating of 0.35

Media headlines about Elevate Credit (NYSE:ELVT) have been trending positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Elevate Credit earned a news sentiment score of 0.35 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5713839522248 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several equities analysts have weighed in on ELVT shares. BidaskClub raised Elevate Credit from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 7th. Zacks Investment Research downgraded Elevate Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Credit Suisse Group dropped their price target on Elevate Credit from $11.00 to $10.50 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Maxim Group reissued a “buy” rating and set a $10.00 price target on shares of Elevate Credit in a research report on Tuesday, October 31st. Finally, JMP Securities started coverage on Elevate Credit in a research report on Tuesday, December 12th. They set an “outperform” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Elevate Credit currently has an average rating of “Buy” and an average target price of $10.50.

Shares of Elevate Credit (NYSE:ELVT) opened at $7.58 on Friday. Elevate Credit has a 1 year low of $5.90 and a 1 year high of $9.48.

Elevate Credit (NYSE:ELVT) last announced its quarterly earnings data on Monday, October 30th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $172.80 million during the quarter, compared to the consensus estimate of $175.00 million. Elevate Credit had a return on equity of 1.40% and a net margin of 0.13%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.25) earnings per share. analysts forecast that Elevate Credit will post 0.27 EPS 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.

Insider Buying and Selling by Quarter for Elevate Credit (NYSE:ELVT)

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