Brokerages expect that Elevate Credit Inc (NYSE:ELVT) will post sales of $195.20 million for the current quarter, Zacks reports. Three analysts have made estimates for Elevate Credit’s earnings, with estimates ranging from $193.10 million to $197.03 million. The business is expected to report its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Elevate Credit will report full-year sales of $195.20 million for the current year, with estimates ranging from $672.80 million to $676.72 million. For the next fiscal year, analysts expect that the firm will post sales of $806.64 million per share, with estimates ranging from $794.30 million to $819.15 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Elevate Credit.

A number of analysts recently commented on ELVT shares. Zacks Investment Research upgraded shares of Elevate Credit from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Monday. Maxim Group reiterated a “buy” rating and issued a $10.00 target price on shares of Elevate Credit in a report on Tuesday, October 31st. JMP Securities started coverage on shares of Elevate Credit in a report on Tuesday, December 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Credit Suisse Group dropped their target price on shares of Elevate Credit from $11.00 to $10.50 and set an “outperform” rating on the stock in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.31.

Several hedge funds have recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Elevate Credit during the fourth quarter valued at approximately $1,847,000. Essex Investment Management Co. LLC acquired a new stake in shares of Elevate Credit during the fourth quarter valued at approximately $260,000. Paragon Wealth Strategies LLC raised its holdings in shares of Elevate Credit by 1,074.5% during the fourth quarter. Paragon Wealth Strategies LLC now owns 135,062 shares of the company’s stock valued at $1,017,000 after acquiring an additional 123,562 shares during the period. Phoenix Investment Adviser LLC raised its holdings in shares of Elevate Credit by 394.6% during the fourth quarter. Phoenix Investment Adviser LLC now owns 118,700 shares of the company’s stock valued at $894,000 after acquiring an additional 94,700 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Elevate Credit during the fourth quarter valued at approximately $328,000. Institutional investors and hedge funds own 52.70% of the company’s stock.

Elevate Credit (NYSE:ELVT) traded down $0.24 during mid-day trading on Monday, hitting $7.91. 52,612 shares of the company’s stock were exchanged, compared to its average volume of 174,531. Elevate Credit has a one year low of $5.90 and a one year high of $9.48.

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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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