Media coverage about Elevate Credit (NYSE:ELVT) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Elevate Credit earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8559042882476 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Ken Rees, CEO of Elevate, to Speak at LendIt Fintech Conference (finance.yahoo.com)
- Q2 2018 EPS Estimates for Elevate Credit Inc Decreased by William Blair (ELVT) (americanbankingnews.com)
- Elevate Credit Inc Forecasted to Post Q1 2018 Earnings of $0.11 Per Share (ELVT) (americanbankingnews.com)
- Elevate Credit (ELVT) Upgraded at Zacks Investment Research (americanbankingnews.com)
Several analysts have recently commented on the stock. BTIG Research cut shares of Elevate Credit from a “buy” rating to a “neutral” rating in a research note on Friday, February 9th. Zacks Investment Research cut shares of Elevate Credit from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Maxim Group reduced their target price on shares of Elevate Credit from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, February 12th. Finally, JMP Securities started coverage on shares of Elevate Credit in a research note on Tuesday, December 12th. They issued an “outperform” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.14.
Elevate Credit (NYSE:ELVT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.14). Elevate Credit had a negative net margin of 1.03% and a positive return on equity of 6.84%. The company had revenue of $193.44 million during the quarter, compared to analyst estimates of $194.10 million. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. sell-side analysts predict that Elevate Credit will post 0.73 earnings per share for the current year.
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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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