Elevate Credit (ELVT) Research Coverage Started at JMP Securities
JMP Securities assumed coverage on shares of Elevate Credit (NYSE:ELVT) in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $10.00 price target on the stock.
ELVT has been the topic of several other research reports. Zacks Investment Research lowered Elevate Credit from a hold rating to a sell rating in a research note on Wednesday, November 1st. Credit Suisse Group decreased their price target on Elevate Credit from $11.00 to $10.50 and set an outperform rating on the stock in a research note on Thursday, November 16th. Stephens initiated coverage on Elevate Credit in a research note on Wednesday, August 23rd. They set an equal weight rating and a $8.50 price target on the stock. Maxim Group reissued a buy rating and set a $10.00 price target on shares of Elevate Credit in a research note on Tuesday, October 31st. Finally, BidaskClub raised Elevate Credit from a strong sell rating to a sell rating in a research note on Saturday, October 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $10.50.
Shares of Elevate Credit (NYSE ELVT) opened at $7.66 on Tuesday. Elevate Credit has a twelve month low of $5.90 and a twelve month high of $9.48.
Several institutional investors have recently modified their holdings of ELVT. Empyrean Capital Partners LP acquired a new position in Elevate Credit in the 2nd quarter valued at $20,322,000. Vanguard Group Inc. purchased a new stake in Elevate Credit during the 2nd quarter worth $1,806,000. Northern Trust Corp purchased a new stake in Elevate Credit during the 2nd quarter worth $1,185,000. State Street Corp purchased a new stake in Elevate Credit during the 2nd quarter worth $1,176,000. Finally, GSA Capital Partners LLP boosted its position in Elevate Credit by 912.5% during the 3rd quarter. GSA Capital Partners LLP now owns 121,500 shares of the company’s stock worth $742,000 after purchasing an additional 109,500 shares during the period. Hedge funds and other institutional investors own 52.07% of the company’s stock.
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.
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