Jason Harvison Sells 2,500 Shares of Elevate Credit Inc (ELVT) Stock

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Elevate Credit Inc (NYSE:ELVT) COO Jason Harvison sold 2,500 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $8.56, for a total value of $21,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jason Harvison also recently made the following trade(s):

  • On Wednesday, August 15th, Jason Harvison sold 2,500 shares of Elevate Credit stock. The shares were sold at an average price of $9.51, for a total value of $23,775.00.
  • On Monday, July 16th, Jason Harvison sold 2,500 shares of Elevate Credit stock. The stock was sold at an average price of $10.21, for a total value of $25,525.00.

Shares of ELVT stock traded up $0.03 on Friday, hitting $6.81. The company had a trading volume of 308,183 shares, compared to its average volume of 207,561. The stock has a market cap of $348.12 million, a price-to-earnings ratio of 42.56 and a beta of 1.00. Elevate Credit Inc has a twelve month low of $6.50 and a twelve month high of $11.27.

Elevate Credit (NYSE:ELVT) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $184.38 million during the quarter, compared to analysts’ expectations of $186.46 million. Elevate Credit had a return on equity of 12.68% and a net margin of 0.14%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, equities analysts forecast that Elevate Credit Inc will post 0.69 earnings per share for the current year.

ELVT has been the subject of a number of recent research reports. Zacks Investment Research raised Elevate Credit from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, July 24th. ValuEngine cut Elevate Credit from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Stephens set a $9.00 target price on Elevate Credit and gave the stock a “hold” rating in a report on Tuesday, July 31st. JMP Securities upped their target price on Elevate Credit from $10.00 to $12.50 and gave the stock a “market outperform” rating in a report on Thursday, July 12th. Finally, Maxim Group increased their price target on Elevate Credit from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $11.08.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELVT. Hawk Ridge Capital Management LP grew its stake in Elevate Credit by 47.1% during the first quarter. Hawk Ridge Capital Management LP now owns 1,843,765 shares of the company’s stock worth $13,054,000 after purchasing an additional 590,101 shares during the period. BlackRock Inc. lifted its holdings in shares of Elevate Credit by 27.4% in the second quarter. BlackRock Inc. now owns 1,058,585 shares of the company’s stock valued at $8,956,000 after purchasing an additional 227,746 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $1,785,000. Renaissance Technologies LLC purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $1,386,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Elevate Credit during the second quarter valued at approximately $1,350,000. 46.01% of the stock is owned by institutional investors and hedge funds.

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 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.

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

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