Elevate Credit, Inc. (NYSE:ELVT) had its price objective lowered by Credit Suisse Group from $11.00 to $10.50 in a report published on Thursday morning. Credit Suisse Group currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on ELVT. Maxim Group reiterated a buy rating and set a $10.00 price target on shares of Elevate Credit in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Elevate Credit from a hold rating to a sell rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Elevate Credit from a strong sell rating to a sell rating in a research report on Saturday, October 7th. Finally, Stephens began coverage on shares of Elevate Credit in a research report on Wednesday, August 23rd. They set an equal weight rating and a $8.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $10.57.

Shares of Elevate Credit (NYSE:ELVT) remained flat at $$7.14 during midday trading on Thursday. 134,880 shares of the company were exchanged, compared to its average volume of 196,345. Elevate Credit has a fifty-two week low of $5.90 and a fifty-two week high of $9.48.

Elevate Credit (NYSE:ELVT) last issued its quarterly earnings results on Monday, October 30th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Elevate Credit had a net margin of 0.13% and a return on equity of 1.40%. The business had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $175.00 million. During the same period last year, the business earned ($1.25) earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. equities analysts expect that Elevate Credit will post 0.27 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $117,000. New York State Common Retirement Fund purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $122,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Elevate Credit during the third quarter valued at approximately $126,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $163,000. 51.81% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Elevate Credit (NYSE:ELVT)

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