Media headlines about Elevate Credit (NYSE:ELVT) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Elevate Credit earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.4363816800634 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Elastic Line of Credit Surpasses $1 Billion in Total Funding (finance.yahoo.com)
- Elevate Credit (ELVT) Receives New Coverage from Analysts at JMP Securities (americanbankingnews.com)
- Elevate Credit (ELVT) versus Its Competitors Head-To-Head Review (americanbankingnews.com)
- Financial Literacy Curricula for Non-Prime Consumers Should Focus on Relevant Topics, Attainable Goals (finance.yahoo.com)
Several research firms recently issued reports on ELVT. JMP Securities began coverage on Elevate Credit in a research report on Tuesday. They set an “outperform” rating and a $10.00 price target on the stock. Zacks Investment Research lowered Elevate Credit from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Maxim Group restated a “buy” rating and set a $10.00 price target on shares of Elevate Credit in a research report on Tuesday, October 31st. BidaskClub upgraded Elevate Credit from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 7th. Finally, Stephens began coverage on Elevate Credit in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $8.50 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $10.50.
Elevate Credit (NYSE:ELVT) last posted its earnings results on Monday, October 30th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $172.80 million for the quarter, compared to the consensus estimate of $175.00 million. Elevate Credit had a return on equity of 1.40% and a net margin of 0.13%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned ($1.25) earnings per share. sell-side analysts predict that Elevate Credit will post 0.27 EPS for the current fiscal year.
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Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers, typically defined as those with credit scores of less than 700. The Company uses advanced technology risk analytics to provide financial options to its customers, who are not well-served by either banks or legacy non-prime lenders.
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