Media headlines about Elevate Credit (NYSE:ELVT) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Elevate Credit earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3526842243125 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Elevate Credit (NYSE ELVT) traded down 2.40% during mid-day trading on Friday, reaching $6.11. The company’s stock had a trading volume of 121,812 shares. The company’s 50 day moving average price is $6.70 and its 200-day moving average price is $7.58. The company’s market capitalization is $254.74 million. Elevate Credit has a 1-year low of $5.90 and a 1-year high of $9.48.

Elevate Credit (NYSE:ELVT) last issued its earnings results on Monday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.13. The business had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $157.38 million. Elevate Credit’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Elevate Credit will post $0.35 earnings per share for the current fiscal year.

ELVT has been the topic of several research analyst reports. BTIG Research initiated coverage on Elevate Credit in a report on Thursday, July 6th. They issued a “buy” rating and a $12.00 price objective on the stock. Zacks Investment Research lowered Elevate Credit from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Stephens initiated coverage on Elevate Credit in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $8.50 price objective on the stock. Finally, Maxim Group initiated coverage on Elevate Credit in a report on Wednesday, July 12th. They issued a “buy” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $10.64.

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In other Elevate Credit news, CFO Christopher Lutes bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of $7.00 per share, with a total value of $70,000.00. Following the purchase, the chief financial officer now owns 60,000 shares in the company, valued at approximately $420,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Elevate Credit Company Profile

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.

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

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