Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 14,383 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $4.07, for a total transaction of $58,538.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Scff Management Llc also recently made the following trade(s):

  • On Monday, November 11th, Scff Management Llc sold 80,653 shares of Elevate Credit stock. The shares were sold at an average price of $4.10, for a total transaction of $330,677.30.
  • On Wednesday, November 6th, Scff Management Llc sold 65,087 shares of Elevate Credit stock. The shares were sold at an average price of $4.10, for a total transaction of $266,856.70.

NYSE:ELVT remained flat at $$4.10 during trading hours on Tuesday. 203,973 shares of the company were exchanged, compared to its average volume of 119,769. The stock has a market cap of $180.93 million, a P/E ratio of 10.51 and a beta of 1.33. Elevate Credit Inc has a 1 year low of $3.92 and a 1 year high of $5.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day moving average price of $4.20 and a 200-day moving average price of $4.38.

Elevate Credit (NYSE:ELVT) last issued its earnings results on Monday, November 4th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. The firm had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $193.34 million. Elevate Credit had a net margin of 3.65% and a return on equity of 21.57%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share. On average, sell-side analysts forecast that Elevate Credit Inc will post 0.71 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Mackay Shields LLC boosted its holdings in Elevate Credit by 29.6% during the third quarter. Mackay Shields LLC now owns 141,727 shares of the company’s stock worth $596,000 after buying an additional 32,400 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Elevate Credit during the third quarter worth approximately $319,000. California Public Employees Retirement System boosted its holdings in Elevate Credit by 5.8% during the third quarter. California Public Employees Retirement System now owns 187,600 shares of the company’s stock worth $790,000 after buying an additional 10,300 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Elevate Credit by 938.7% during the third quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock worth $57,000 after buying an additional 12,316 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Elevate Credit in the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 48.06% of the company’s stock.

Several research firms have recently issued reports on ELVT. BTIG Research reiterated a “buy” rating and issued a $6.00 price objective on shares of Elevate Credit in a report on Tuesday, July 16th. Zacks Investment Research cut shares of Elevate Credit from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. ValuEngine cut shares of Elevate Credit from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, William Blair reiterated a “market perform” rating on shares of Elevate Credit in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.15.

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

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