Tyler W. K. Head Sells 64,100 Shares of Elevate Credit, Inc. (NYSE:ELVT) Stock

Elevate Credit, Inc. (NYSE:ELVT) Director Tyler W. K. Head sold 64,100 shares of the stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $3.18, for a total value of $203,838.00. Following the sale, the director now owns 86,938 shares in the company, valued at $276,462.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

ELVT stock opened at $3.07 on Thursday. The company has a market cap of $113.10 million, a P/E ratio of 3.84 and a beta of 2.87. Elevate Credit, Inc. has a 1 year low of $1.15 and a 1 year high of $4.90. The stock’s fifty day moving average price is $3.96 and its 200-day moving average price is $3.47.

Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Sunday, February 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.30). The firm had revenue of $90.72 million during the quarter, compared to analysts’ expectations of $86.51 million. Elevate Credit had a return on equity of 31.90% and a net margin of 5.73%. Sell-side analysts expect that Elevate Credit, Inc. will post 1.05 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Elevate Credit by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 504,321 shares of the company’s stock worth $2,012,000 after purchasing an additional 29,727 shares during the period. Virtu Financial LLC bought a new position in Elevate Credit in the 4th quarter worth $186,000. Engineers Gate Manager LP bought a new position in Elevate Credit in the 4th quarter worth $123,000. ExodusPoint Capital Management LP bought a new position in Elevate Credit in the 4th quarter worth $67,000. Finally, Renaissance Technologies LLC raised its holdings in Elevate Credit by 6.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,353,655 shares of the company’s stock worth $5,401,000 after purchasing an additional 78,800 shares during the period. 29.84% of the stock is currently owned by institutional investors.

ELVT has been the topic of several recent analyst reports. Credit Suisse Group increased their target price on Elevate Credit from $4.90 to $5.60 and gave the company an “outperform” rating in a research note on Tuesday, February 9th. Zacks Investment Research downgraded Elevate Credit from a “buy” rating to a “hold” rating in a research note on Monday, January 11th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Elevate Credit presently has a consensus rating of “Hold” and an average price target of $3.62.

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, an 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.

See Also: What are the FAANG Stocks?