Elevate Credit (ELVT) is set to report earnings on Tuesday

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Increase credit (NYSE: ELVTGet a rating) is expected to release quarterly results after market close on Tuesday, August 9. Individuals wishing to listen to the company’s earnings conference call can do so using this link.

Increase credit (NYSE: ELVTGet a rating) last reported results on Wednesday, May 4. The company reported EPS ($0.44) for the quarter. The company had revenue of $124.24 million for the quarter. Elevate Credit had a negative net margin of 13.35% and a negative return on equity of 26.82%.

1.7% increase in credit exchanges

Raising the stock of credit opened at $2.33 on Friday. The stock has a market capitalization of $73.02 million, a P/E ratio of -1.26 and a beta of 1.89. Elevate Credit has a 52-week minimum of $2.07 and a 52-week maximum of $4.26. The stock has a 50-day moving average of $2.44 and a 200-day moving average of $2.80.

Insider Activity at Elevate Credit

In other news, insider Christopher Lutes bought 41,267 shares of the company in a trade that took place on Wednesday, May 18. The shares were acquired at an average cost of $2.42 per share, with a total value of $99,866.14. Following the transaction, the insider now owns 594,833 shares of the company, valued at approximately $1,439,495.86. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Company insiders own 10.00% of the shares of the company.

Institutional entries and exits

Institutional investors and hedge funds have recently changed their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in Elevate Credit stock in the first quarter worth $56,000. Raymond James Financial Services Advisors Inc. increased its stake in Elevate Credit by 44.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 50,226 shares of the company valued at $154,000 after purchasing an additional 15,489 shares last quarter. State Street Corp increased its stake in Elevate Credit by 14.4% in the first quarter. State Street Corp now owns 56,563 shares of the company valued at $173,000 after buying an additional 7,116 shares last quarter. Dimensional Fund Advisors LP increased its stake in Elevate Credit by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 906,347 shares of the company valued at $2,774,000 after purchasing an additional 101,725 ​​shares last quarter. Finally, Vanguard Group Inc. increased its stake in Elevate Credit by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,183,024 shares of the company valued at $3,620,000 after purchasing an additional 36,484 shares last quarter. Institutional investors hold 43.11% of the company’s shares.

Elevate Credit Company Profile

(Get a rating)

Elevate Credit, Inc provides online credit solutions to unprivileged consumers in the United States. The company offers online unsecured installment loans, lines of credit and credit cards. Its products include Rise, an installment loan product; Elastic, a credit line product; and Today Card, a credit card product.

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Earnings History for Elevate Credit (NYSE:ELVT)



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