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Scff Management Llc Sells 12,223 Shares of Elevate Credit Inc (NYSE:ELVT) Stock

Elevate Credit Inc (NYSE:ELVT) major shareholder Scff Management Llc sold 12,223 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.04, for a total value of $49,380.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Scff Management Llc also recently made the following trade(s):

  • On Wednesday, November 20th, Scff Management Llc sold 5,056 shares of Elevate Credit stock. The stock was sold at an average price of $3.90, for a total value of $19,718.40.
  • On Monday, November 18th, Scff Management Llc sold 11,579 shares of Elevate Credit stock. The stock was sold at an average price of $3.79, for a total value of $43,884.41.
  • On Friday, November 15th, Scff Management Llc sold 10,711 shares of Elevate Credit stock. The stock was sold at an average price of $3.91, for a total value of $41,880.01.
  • On Monday, November 11th, Scff Management Llc sold 80,653 shares of Elevate Credit stock. The stock was sold at an average price of $4.10, for a total value of $330,677.30.
  • On Friday, November 8th, Scff Management Llc sold 14,383 shares of Elevate Credit stock. The stock was sold at an average price of $4.07, for a total value of $58,538.81.
  • On Wednesday, November 6th, Scff Management Llc sold 65,087 shares of Elevate Credit stock. The stock was sold at an average price of $4.10, for a total value of $266,856.70.

ELVT stock opened at $3.94 on Monday. The firm has a market cap of $166.48 million, a price-to-earnings ratio of 10.10 and a beta of 1.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.11. Elevate Credit Inc has a twelve month low of $3.71 and a twelve month high of $5.21. The business’s fifty day simple moving average is $4.12 and its two-hundred day simple moving average is $4.35.

Elevate Credit (NYSE:ELVT) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The firm had revenue of $192.80 million for the quarter, compared to analyst estimates of $193.34 million. Elevate Credit had a return on equity of 20.93% and a net margin of 3.65%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) earnings per share. Research analysts expect that Elevate Credit Inc will post 0.71 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Elevate Credit during the second quarter valued at $26,000. Meeder Asset Management Inc. increased its stake in shares of Elevate Credit by 938.7% during the third quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock valued at $57,000 after buying an additional 12,316 shares during the period. Jane Street Group LLC purchased a new position in shares of Elevate Credit during the second quarter valued at $62,000. Russell Investments Group Ltd. purchased a new position in shares of Elevate Credit during the second quarter valued at $66,000. Finally, Algert Global LLC purchased a new position in shares of Elevate Credit during the second quarter valued at $68,000. Hedge funds and other institutional investors own 48.21% of the company’s stock.

A number of analysts have weighed in on the company. William Blair reiterated a “market perform” rating on shares of Elevate Credit in a research note on Tuesday, November 5th. ValuEngine lowered Elevate Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Zacks Investment Research lowered Elevate Credit from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.15.

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

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