News stories about Elevate Credit (NYSE:ELVT) have been trending positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Elevate Credit earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.8559042882476 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research analysts have weighed in on the stock. Maxim Group lowered their price objective on shares of Elevate Credit from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Elevate Credit from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Monday, February 5th. BTIG Research lowered shares of Elevate Credit from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th. Credit Suisse Group cut their target price on shares of Elevate Credit from $11.00 to $10.50 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Finally, JMP Securities initiated coverage on shares of Elevate Credit in a research report on Tuesday, December 12th. They issued an “outperform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.14.
Shares of Elevate Credit (NYSE:ELVT) traded up $0.02 during trading on Wednesday, hitting $7.41. 7,517 shares of the stock traded hands, compared to its average volume of 165,186. The company has a market capitalization of $308.93 and a PE ratio of -52.78. Elevate Credit has a 1 year low of $5.90 and a 1 year high of $9.48.
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About Elevate Credit
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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