Insider Selling: Elevate Credit, Inc. (NYSE:ELVT) Director Sells $80,200.00 in Stock

Elevate Credit, Inc. (NYSE:ELVT) Director Tyler W. K. Head sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $4.01, for a total value of $80,200.00. Following the completion of the transaction, the director now directly owns 111,382 shares in the company, valued at $446,641.82. The sale was disclosed in a legal filing with the SEC, which is available through this link.

NYSE:ELVT opened at $3.63 on Friday. The stock’s fifty day moving average price is $3.38. Elevate Credit, Inc. has a 52-week low of $1.35 and a 52-week high of $4.90. The firm has a market cap of $129.78 million, a P/E ratio of 3.78 and a beta of 2.72.

Elevate Credit (NYSE:ELVT) last posted its quarterly earnings data on Sunday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.22. Elevate Credit had a return on equity of 34.11% and a net margin of 9.73%. On average, equities analysts predict that Elevate Credit, Inc. will post 0.43 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded Elevate Credit from a “buy” rating to a “hold” rating in a report on Thursday.

Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of Elevate Credit during the 1st quarter valued at $45,000. Diversified Trust Co bought a new stake in shares of Elevate Credit during the 1st quarter valued at $45,000. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Elevate Credit during the 1st quarter valued at $48,000. Ameriprise Financial Inc. raised its position in shares of Elevate Credit by 46.8% during the 1st quarter. Ameriprise Financial Inc. now owns 16,890 shares of the company’s stock valued at $49,000 after acquiring an additional 5,386 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Elevate Credit during the 4th quarter valued at $67,000. 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.

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

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