Elevate Credit (NYSE:ELVT)‘s stock had its “hold” rating reaffirmed by equities researchers at Maxim Group in a note issued to investors on Friday, AnalystRatings.com reports.

ELVT has been the subject of several other reports. ValuEngine downgraded Elevate Credit from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 27th. Zacks Investment Research downgraded shares of Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, July 1st. Credit Suisse Group reduced their target price on shares of Elevate Credit from $4.75 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, UBS Group cut their price objective on Elevate Credit from $5.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Elevate Credit has a consensus rating of “Hold” and a consensus target price of $2.42.

NYSE:ELVT opened at $1.93 on Friday. Elevate Credit has a fifty-two week low of $0.89 and a fifty-two week high of $5.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day moving average price of $1.84 and a 200 day moving average price of $2.47. The stock has a market capitalization of $82.22 million, a P/E ratio of 3.22 and a beta of 3.26.

Elevate Credit (NYSE:ELVT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $177.46 million during the quarter, compared to analyst estimates of $186.29 million. Elevate Credit had a return on equity of 17.92% and a net margin of 1.89%. Research analysts forecast that Elevate Credit will post 0.72 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its stake in Elevate Credit by 87.0% in the first quarter. Acadian Asset Management LLC now owns 451,947 shares of the company’s stock worth $471,000 after acquiring an additional 210,248 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Elevate Credit by 17.0% during the 1st quarter. Deutsche Bank AG now owns 307,593 shares of the company’s stock worth $320,000 after purchasing an additional 44,610 shares during the last quarter. State Street Corp grew its stake in shares of Elevate Credit by 5.0% during the first quarter. State Street Corp now owns 314,129 shares of the company’s stock worth $327,000 after purchasing an additional 15,009 shares in the last quarter. Invesco Ltd. increased its holdings in Elevate Credit by 63.5% in the first quarter. Invesco Ltd. now owns 100,113 shares of the company’s stock valued at $104,000 after buying an additional 38,872 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Elevate Credit by 132.0% in the first quarter. Russell Investments Group Ltd. now owns 39,900 shares of the company’s stock valued at $40,000 after buying an additional 22,700 shares in the last quarter. Hedge funds and other institutional investors own 34.18% of the company’s stock.

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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.

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Analyst Recommendations for Elevate Credit (NYSE:ELVT)

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