Elevate Credit, Inc. (NYSE:ELVT) major shareholder Linda Stinson sold 30,866 shares of Elevate Credit stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $3.09, for a total value of $95,375.94. Following the transaction, the insider now owns 2,702,275 shares in the company, valued at $8,350,029.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Linda Stinson also recently made the following trade(s):

  • On Monday, April 5th, Linda Stinson sold 76,953 shares of Elevate Credit stock. The stock was sold at an average price of $3.15, for a total value of $242,401.95.
  • On Monday, March 29th, Linda Stinson sold 42,252 shares of Elevate Credit stock. The stock was sold at an average price of $3.03, for a total value of $128,023.56.
  • On Friday, March 26th, Linda Stinson sold 217,615 shares of Elevate Credit stock. The stock was sold at an average price of $3.11, for a total value of $676,782.65.
  • On Wednesday, March 24th, Linda Stinson sold 28,453 shares of Elevate Credit stock. The stock was sold at an average price of $3.76, for a total value of $106,983.28.
  • On Monday, March 22nd, Linda Stinson sold 43,174 shares of Elevate Credit stock. The stock was sold at an average price of $3.97, for a total value of $171,400.78.
  • On Friday, March 19th, Linda Stinson sold 43,700 shares of Elevate Credit stock. The shares were sold at an average price of $4.18, for a total value of $182,666.00.
  • On Wednesday, March 17th, Linda Stinson sold 16,200 shares of Elevate Credit stock. The shares were sold at an average price of $4.42, for a total value of $71,604.00.
  • On Monday, March 15th, Linda Stinson sold 19,931 shares of Elevate Credit stock. The shares were sold at an average price of $4.50, for a total value of $89,689.50.
  • On Friday, March 12th, Linda Stinson sold 19,265 shares of Elevate Credit stock. The shares were sold at an average price of $4.63, for a total value of $89,196.95.

NYSE:ELVT opened at $3.07 on Thursday. The stock’s 50-day simple moving average is $3.96 and its 200 day simple moving average is $3.47. The company has a market cap of $113.10 million, a P/E ratio of 3.84 and a beta of 2.87. Elevate Credit, Inc. has a 52-week low of $1.15 and a 52-week high of $4.90.

Elevate Credit (NYSE:ELVT) last released its earnings results on Sunday, February 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.30). The company had revenue of $90.72 million during the quarter, compared to analyst estimates of $86.51 million. Elevate Credit had a net margin of 5.73% and a return on equity of 31.90%. Research analysts anticipate that Elevate Credit, Inc. will post 1.05 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in shares of Elevate Credit by 42.1% in the third quarter. Morgan Stanley now owns 46,218 shares of the company’s stock valued at $119,000 after acquiring an additional 13,695 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Elevate Credit during the fourth quarter worth about $67,000. Dimensional Fund Advisors LP grew its holdings in Elevate Credit by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 504,321 shares of the company’s stock worth $2,012,000 after purchasing an additional 29,727 shares during the period. Engineers Gate Manager LP bought a new position in Elevate Credit during the fourth quarter worth about $123,000. Finally, Virtu Financial LLC bought a new position in Elevate Credit during the fourth quarter worth about $186,000. 29.84% of the stock is currently owned by institutional investors and hedge funds.

ELVT has been the topic of several recent research reports. Zacks Investment Research downgraded Elevate Credit from a “buy” rating to a “hold” rating in a research note on Monday, January 11th. Credit Suisse Group lifted their price target on Elevate Credit from $4.90 to $5.60 and gave the company an “outperform” rating in a research note on Tuesday, February 9th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3.62.

Elevate Credit Company Profile

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, an 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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