Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 12,223 shares of Elevate Credit stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $4.04, for a total value of $49,380.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Scff Management Llc also recently made the following trade(s):
- On Friday, November 15th, Scff Management Llc sold 10,711 shares of Elevate Credit stock. The shares were sold at an average price of $3.91, for a total value of $41,880.01.
- 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 value of $330,677.30.
- On Friday, November 8th, Scff Management Llc sold 14,383 shares of Elevate Credit stock. The shares were sold at an average price of $4.07, for a total value of $58,538.81.
- 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 value of $266,856.70.
Shares of NYSE:ELVT traded down $0.02 during midday trading on Friday, reaching $3.92. The company had a trading volume of 79,586 shares, compared to its average volume of 115,220. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.12. Elevate Credit Inc has a 1-year low of $3.88 and a 1-year high of $5.21. The firm has a market cap of $177.51 million, a price-to-earnings ratio of 10.05 and a beta of 1.33. The company has a fifty day simple moving average of $4.17 and a two-hundred day simple moving average of $4.37.
Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Monday, November 4th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. Elevate Credit had a return on equity of 20.93% and a net margin of 3.65%. The business had revenue of $192.80 million during the quarter, compared to analyst estimates of $193.34 million. During the same quarter last year, the company posted ($0.10) EPS. Elevate Credit’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts expect that Elevate Credit Inc will post 0.71 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Elevate Credit during the 2nd quarter worth about $26,000. Meeder Asset Management Inc. boosted its position in Elevate Credit by 938.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock worth $57,000 after acquiring an additional 12,316 shares during the period. Jane Street Group LLC acquired a new stake in Elevate Credit during the 2nd quarter worth about $62,000. Russell Investments Group Ltd. acquired a new stake in Elevate Credit during the 2nd quarter worth about $66,000. Finally, Algert Global LLC acquired a new stake in Elevate Credit during the 2nd quarter worth about $68,000. Hedge funds and other institutional investors own 48.06% of the company’s stock.
A number of equities analysts recently weighed in on the company. William Blair reiterated a “market perform” rating on shares of Elevate Credit in a research report on Tuesday, November 5th. Zacks Investment Research lowered Elevate Credit from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, ValuEngine lowered Elevate Credit from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Elevate Credit currently has a consensus rating of “Hold” and an average price target of $6.15.
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, 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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