According to Zacks, “Elevate Credit, Inc. offer online credit solutions to non-prime consumers. The Company offers online installment loans and lines of credits. Its products include credit building, financial wellness programs, credit reporting, free credit monitoring and online financial literacy videos and tools. Elevate Credit, Inc. is based in Forth Worth, United States. “
ELVT opened at $3.63 on Thursday. The firm has a market capitalization of $129.78 million, a PE ratio of 3.78 and a beta of 2.72. The company has a fifty day moving average of $3.38. Elevate Credit has a 12-month low of $1.35 and a 12-month high of $4.90.
In other Elevate Credit news, CEO Jason Harvison sold 8,524 shares of the business’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $3.52, for a total transaction of $30,004.48. Following the completion of the sale, the chief executive officer now owns 410,987 shares in the company, valued at $1,446,674.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tyler W. K. Head sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $3.81, for a total transaction of $95,250.00. Following the sale, the director now owns 111,382 shares of the company’s stock, valued at approximately $424,365.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,362,455 shares of company stock valued at $8,070,270. 13.00% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in shares of Elevate Credit during the first quarter worth about $45,000. Diversified Trust Co bought a new position in shares of Elevate Credit during the first quarter worth about $45,000. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Elevate Credit during the first quarter worth about $48,000. Ameriprise Financial Inc. grew its position in shares of Elevate Credit by 46.8% during the first quarter. Ameriprise Financial Inc. now owns 16,890 shares of the company’s stock worth $49,000 after acquiring an additional 5,386 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Elevate Credit during the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.
Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States. It offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan product; Elastic, a line of credit product; and Today Card, a credit card product.
Featured Article: Commodities
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.