Credit Suisse Group Lowers Elevate Credit (NYSE:ELVT) Price Target to $2.50

Elevate Credit (NYSE:ELVTGet Rating) had its price target lowered by equities research analysts at Credit Suisse Group to $2.50 in a report issued on Tuesday, Stock Target Advisor reports. Credit Suisse Group’s target price points to a potential upside of 135.85% from the company’s previous close.

Elevate Credit Stock Performance

ELVT opened at $1.06 on Tuesday. The company has a 50 day moving average of $1.09 and a 200 day moving average of $1.87. The company has a market cap of $33.12 million, a PE ratio of -0.50 and a beta of 1.90. Elevate Credit has a 12 month low of $0.67 and a 12 month high of $3.95.

Elevate Credit (NYSE:ELVTGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.16) EPS for the quarter. Elevate Credit had a negative net margin of 13.64% and a negative return on equity of 24.09%. The firm had revenue of $125.62 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Prudential Financial Inc. bought a new position in Elevate Credit in the 2nd quarter valued at $31,000. Mackenzie Financial Corp raised its position in shares of Elevate Credit by 94.0% during the 3rd quarter. Mackenzie Financial Corp now owns 38,316 shares of the company’s stock valued at $42,000 after buying an additional 18,562 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Elevate Credit during the 1st quarter valued at $56,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Elevate Credit by 16.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 70,218 shares of the company’s stock valued at $77,000 after buying an additional 10,000 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new stake in shares of Elevate Credit during the 1st quarter valued at $162,000. 37.43% of the stock is owned by institutional investors.

About Elevate Credit

(Get Rating)

Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States. The company 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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