Elevate Credit (ELVT) Earning Somewhat Favorable Press Coverage, Study Finds
News stories about Elevate Credit (NYSE:ELVT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks 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 -1 to 1, with scores closest to one being the most favorable. Elevate Credit earned a news impact score of 0.22 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5859141462222 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Ken Rees, CEO of Elevate, to Speak at Money 20/20 Conference (finance.yahoo.com)
- Comparing Elevate Credit (ELVT) & Morningstar (MORN) (americanbankingnews.com)
- Head-To-Head Comparison: RELX N.V. (RENX) vs. Elevate Credit (ELVT) (americanbankingnews.com)
- Elevate Credit, Inc. (ELVT) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Shares of Elevate Credit (NYSE:ELVT) traded up 0.13% on Wednesday, reaching $7.51. 168,603 shares of the company traded hands. Elevate Credit has a one year low of $5.90 and a one year high of $9.48. The stock’s market capitalization is $313.11 million. The stock’s 50 day moving average price is $6.48 and its 200-day moving average price is $7.44.
Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Monday, July 31st. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.13. The company had revenue of $150.50 million during the quarter, compared to the consensus estimate of $157.38 million. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts forecast that Elevate Credit will post $0.34 earnings per share for the current fiscal year.
A number of research firms have recently commented on ELVT. Stephens began coverage on shares of Elevate Credit in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $8.50 price objective on the stock. BTIG Research began coverage on shares of Elevate Credit in a research note on Thursday, July 6th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Investment Research raised shares of Elevate Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Maxim Group began coverage on shares of Elevate Credit in a research note on Wednesday, July 12th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, BidaskClub raised shares of Elevate Credit from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Elevate Credit currently has an average rating of “Buy” and an average target price of $10.64.
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In related news, CFO Christopher Lutes purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $70,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 60,000 shares in the company, valued at approximately $420,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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