News articles about Elevate Credit (NYSE:ELVT) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of 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 0.28 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0400655707691 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Elevate Credit (NYSE ELVT) traded down $0.01 during trading hours on Friday, reaching $7.74. 192,232 shares of the company traded hands, compared to its average volume of 281,651. The company has a market cap of $324.00 and a P/E ratio of 387.00. Elevate Credit has a 12-month low of $5.90 and a 12-month high of $9.48.

Elevate Credit (NYSE:ELVT) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $172.80 million for the quarter, compared to the consensus estimate of $175.00 million. Elevate Credit had a net margin of 0.13% and a return on equity of 1.40%. Elevate Credit’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted ($1.25) EPS. sell-side analysts expect that Elevate Credit will post 0.28 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Elevate Credit from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Friday. Maxim Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of Elevate Credit in a report on Tuesday, October 31st. BidaskClub raised shares of Elevate Credit from a “strong sell” rating to a “sell” rating in a report on Saturday, October 7th. Credit Suisse Group decreased their price target on shares of Elevate Credit from $11.00 to $10.50 and set an “outperform” rating for the company in a report on Thursday, November 16th. Finally, JMP Securities assumed coverage on shares of Elevate Credit in a report on Tuesday, December 12th. They issued an “outperform” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Elevate Credit presently has an average rating of “Buy” and an average target price of $10.31.

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About Elevate Credit

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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