Elevate Credit (ELVT) COO Sells $22,500.00 in Stock
Elevate Credit (NYSE:ELVT) COO Jason Harvison sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $7.50, for a total value of $22,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Jason Harvison also recently made the following trade(s):
- On Monday, April 16th, Jason Harvison sold 6,792 shares of Elevate Credit stock. The stock was sold at an average price of $7.51, for a total value of $51,007.92.
- On Monday, April 9th, Jason Harvison sold 8,476 shares of Elevate Credit stock. The stock was sold at an average price of $7.50, for a total value of $63,570.00.
Shares of ELVT stock opened at $7.49 on Friday. Elevate Credit has a fifty-two week low of $5.90 and a fifty-two week high of $9.48. The firm has a market capitalization of $313.53 and a PE ratio of 46.81.
A number of research firms have commented on ELVT. Zacks Investment Research raised Elevate Credit from a “sell” rating to a “hold” rating in a report on Monday, January 1st. BTIG Research downgraded Elevate Credit from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. Maxim Group reduced their target price on Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a report on Monday, February 12th. Finally, UBS assumed coverage on Elevate Credit in a research report on Tuesday, March 27th. They issued a “buy” rating and a $10.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.31.
Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Elevate Credit in the fourth quarter valued at $113,000. Millennium Management LLC purchased a new position in shares of Elevate Credit in the fourth quarter valued at $102,000. Cornerstone Capital Management Holdings LLC. increased its position in shares of Elevate Credit by 41.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 54,000 shares of the company’s stock valued at $406,000 after buying an additional 15,800 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Elevate Credit during the 4th quarter worth about $326,000. Finally, Deutsche Bank AG increased its position in Elevate Credit by 184.1% during the 4th quarter. Deutsche Bank AG now owns 39,808 shares of the company’s stock worth $299,000 after purchasing an additional 25,797 shares in the last quarter. Institutional investors and hedge funds own 42.25% of the company’s stock.
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 and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
Receive News & Ratings for Elevate Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elevate Credit and related companies with MarketBeat.com's FREE daily email newsletter.