Favorable Media Coverage Somewhat Unlikely to Affect Elevate Credit (ELVT) Share Price
Media headlines about Elevate Credit (NYSE:ELVT) have been trending positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Elevate Credit earned a news sentiment score of 0.36 on Accern’s scale. Accern also gave media stories about the company an impact score of 48.3237770344763 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of NYSE:ELVT traded up $0.19 during trading on Tuesday, hitting $10.37. The stock had a trading volume of 1,835 shares, compared to its average volume of 305,284. Elevate Credit has a 12-month low of $5.90 and a 12-month high of $11.27. The stock has a market cap of $422.41 million, a price-to-earnings ratio of 64.81 and a beta of 0.89.
Elevate Credit (NYSE:ELVT) last announced its quarterly earnings data on Monday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Elevate Credit had a return on equity of 12.68% and a net margin of 0.14%. The firm had revenue of $184.38 million during the quarter, compared to analysts’ expectations of $186.46 million. During the same period last year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. research analysts expect that Elevate Credit will post 0.74 EPS for the current fiscal year.
In other news, COO Jason Harvison sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $10.21, for a total value of $25,525.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 7,500 shares of company stock valued at $69,350. Company insiders own 32.00% of the company’s stock.
About Elevate Credit
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 and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
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