Elevate Credit Inc (NYSE:ELVT) major shareholder Sequoia Capital Growth Fund Ii sold 68,794 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.23, for a total transaction of $290,998.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Sequoia Capital Growth Fund Ii also recently made the following trade(s):

  • On Thursday, July 11th, Sequoia Capital Growth Fund Ii sold 52,615 shares of Elevate Credit stock. The stock was sold at an average price of $4.21, for a total transaction of $221,509.15.
  • On Tuesday, July 2nd, Sequoia Capital Growth Fund Ii sold 44,835 shares of Elevate Credit stock. The stock was sold at an average price of $4.13, for a total transaction of $185,168.55.
  • On Monday, June 24th, Sequoia Capital Growth Fund Ii sold 32,800 shares of Elevate Credit stock. The stock was sold at an average price of $4.39, for a total transaction of $143,992.00.
  • On Tuesday, June 11th, Sequoia Capital Growth Fund Ii sold 39,065 shares of Elevate Credit stock. The stock was sold at an average price of $4.29, for a total transaction of $167,588.85.
  • On Thursday, June 6th, Sequoia Capital Growth Fund Ii sold 42,181 shares of Elevate Credit stock. The stock was sold at an average price of $4.28, for a total transaction of $180,534.68.
  • On Monday, June 3rd, Sequoia Capital Growth Fund Ii sold 43,380 shares of Elevate Credit stock. The stock was sold at an average price of $4.20, for a total transaction of $182,196.00.

Shares of Elevate Credit stock opened at $4.22 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.12. Elevate Credit Inc has a twelve month low of $3.71 and a twelve month high of $10.77. The company has a market capitalization of $185.30 million, a PE ratio of 10.82 and a beta of 1.40. The business has a fifty day simple moving average of $4.26.

Elevate Credit (NYSE:ELVT) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. Elevate Credit had a net margin of 2.09% and a return on equity of 18.02%. The company had revenue of $189.50 million for the quarter, compared to analysts’ expectations of $195.52 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Elevate Credit’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Elevate Credit Inc will post 0.6 EPS for the current year.

ELVT has been the topic of a number of research reports. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BTIG Research initiated coverage on shares of Farfetch in a research note on Tuesday. They set a “buy” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Elevate Credit has a consensus rating of “Hold” and an average target price of $6.25.

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Elevate Credit in the first quarter worth $45,000. Rhumbline Advisers lifted its holdings in Elevate Credit by 55.1% in the fourth quarter. Rhumbline Advisers now owns 26,497 shares of the company’s stock valued at $119,000 after buying an additional 9,408 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Elevate Credit in the fourth quarter valued at $127,000. Bank of America Corp DE lifted its holdings in Elevate Credit by 270.2% in the fourth quarter. Bank of America Corp DE now owns 30,765 shares of the company’s stock valued at $138,000 after buying an additional 22,455 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Elevate Credit by 18.7% in the fourth quarter. First Trust Advisors LP now owns 32,701 shares of the company’s stock valued at $147,000 after buying an additional 5,148 shares during the period. 50.58% of the stock is currently owned by institutional investors.

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

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