Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States. It offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan product; Elastic, a line of credit product; and Today Card, a credit card product. The company was founded in 2014 and is headquartered in Fort Worth, Texas.
IPO Year: 2017
Exchange: NYSE
Website: elevate.com
Credit Suisse reiterated coverage of Elevate Credit with a rating of Outperform and set a new price target of $5.60 from $4.90 previously
DES MOINES, Iowa, Jan. 25, 2022 /PRNewswire/ -- Consumer Safety Technology Holding Company (CST) has appointed Kathy Boden Holland as Chief Executive Officer, effective December 2021. For more than 30 years, CST has been dedicated to helping people live and drive responsibly. The Company provides consumers and monitoring authorities with products and services to effectively deter impaired driving and support individuals as they navigate the license restoration process. Ms. Boden Holland was selected following a nationwide search by CST's private equity owners, Welsh, Carson,
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate" or "Company"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the appointment of Jay Bray to the Company's Board of Directors, effective immediately. As Chairman and Chief Executive Officer of Mr. Cooper Group, Bray brings more than 25 years of financial services experience to Elevate's Board. Bray will assume a newly created Board position and will serve on the Compensation Committee. "Jay's extensive knowledge of the financial services and technology market will be invaluable to Elevate as we continue to seek opportunities to better serve the millions of non-prime c
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Elevate Credit, Inc. ("Elevate" or the "Company"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the completion of its acquisition by Park Cities Asset Management LLC ("Park Cities"), an alternative asset manager focused on providing flexible capital solutions. Park Cities acquired Elevate for $1.87 per share in an all-cash transaction at an implied value of $67 million. "Elevate is pleased to join Park Cities as we embark on an exciting new chapter, one that will allow us to better serve our customers and drive innovation within our business," said Jason Harvison, Chief Executive Officer of Elevate. "I want t
Elevate Credit, Inc. ("Elevate" or the "Company"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis") have each recommended that stockholders vote "FOR" the previously announced all-cash acquisition of the Company by an affiliate of Park Cities Asset Management LLC ("Park Cities"), an alternative asset manager focused on providing flexible debt solutions, at the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for February 15, 2023 at 9:00 A.M. CT be
Elevate shareholders to receive $1.87 per share in cash Elevate to become a private company upon completion of the transaction Elevate Credit, Inc. ("Elevate" or the "Company"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC ("Park Cities"), an alternative asset manager focused on providing flexible debt solutions. Park Cities will acquire Elevate for $1.87 per share in an all-cash transaction at an implied value of $67 million. Pursuant to the terms of the merger agreement, 7% of shares and shares un
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the third quarter 2022. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Wednesday, November 9, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call. Partic
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its third quarter 2022 financial results after the market closes on Wednesday, November 9, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (November 9, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call. Participan
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the second quarter 2022. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Tuesday, August 9, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-877-306-7075 (domestic) or 1-212-231-2921 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Particip
Elevate Credit, Inc. ("Elevate"), today announced a change to its previously announced second quarter 2022 earnings results conference call date. Elevate will now report financial results for the second quarter 2022 after market hours on August 9, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (August 9, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-306-7075 (domestic) or 1-212-231-2921 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Participants
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its second quarter 2022 financial results after the market closes on Tuesday, August 2, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (August 2, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Participants a
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced that it has been recognized as a Best Place for Working Parents® three years in a row. Elevate's family-friendly benefits and programs are designed to help working parents balance professional and family commitments as well as attract and retain talented people to drive the business forward. Elevate is proud to provide 12 weeks of paid parental leave for primary caregivers plus two additional weeks of PTO once primary caregivers return to work. Non-primary caregivers receive 4 weeks of paid parental leave. Elevate also offers flexi
Elevate Credit, Inc. (NYSE:ELVT), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the launch of the new Elevate.com. This groundbreaking website was specifically designed for non-prime consumers providing a financial marketplace and empowering educational tools for improving financial resilience. The site reimagines financial literacy to upend the traditional approach to financial wellness by leveraging credit data from Transunion, consumer insights from the Center for the New Middle Class, and Elevate's customer experience expertise gleaned from years of serving American households. The website offers engaging c
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Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the third quarter 2022. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Wednesday, November 9, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call. Partic
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its third quarter 2022 financial results after the market closes on Wednesday, November 9, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (November 9, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-888-999-3182 (domestic) or 1-848-280-6330 (international) and requesting the Elevate Credit Third Quarter 2022 Earnings Conference Call. Participan
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the second quarter 2022. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Tuesday, August 9, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-877-306-7075 (domestic) or 1-212-231-2921 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Particip
Elevate Credit, Inc. ("Elevate"), today announced a change to its previously announced second quarter 2022 earnings results conference call date. Elevate will now report financial results for the second quarter 2022 after market hours on August 9, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (August 9, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-306-7075 (domestic) or 1-212-231-2921 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Participants
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its second quarter 2022 financial results after the market closes on Tuesday, August 2, 2022. Jason Harvison, Chief Executive Officer, and Steve Trussell, Chief Financial Officer, will host a conference call on the day of the release (August 2, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit Second Quarter 2022 Earnings Conference Call. Participants a
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the first quarter 2022. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Wednesday, May 4, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-877-295-1828 (domestic) or 1-212-231-2934 (international) and requesting the Elevate Credit First Quarter 2022 Earnings Conference Call. Participant
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its first quarter 2022 financial results after the market closes on Wednesday, May 4, 2022. Jason Harvison, Chief Executive Officer, and Chad Bradford, Interim Chief Financial Officer, will host a conference call on the day of the release (May 4, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-295-1828 (domestic) or 1-212-231-2934 (international) and requesting the Elevate Credit First Quarter 2022 Earnings Conference Call. Participants
Net income of $19.4 million, or $0.70 per diluted share for the quarter. ROA of 1.06% and ROE of 14.44% for the quarter. Core loans increased by $120.3 million, or 2.4% (9.6% annualized), in the first quarter, while PPP loans decreased by $47.1 million, for a net increase in total loans of $73.2 million, or 1.4% (5.6% annualized) from last quarter.Ratio of nonperforming assets to total assets improved to 0.07% in the first quarter, from 0.08% last quarter.Cost of average total deposits remained at 0.06% in the first quarter.Completed equity investment and on track to serve as bank sponsor for Swell Financial, as part of the recently announced Banking-as-a-Service ("BaaS") strategy.Board of D
Elevate Credit, Inc. (NYSE:ELVT) ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced financial results for the fourth quarter and full year 2021. Elevate has posted its release to its Investor Relations webpage at http://investors.elevate.com/press-releases. Conference Call The Company will host a conference call to discuss its financial results on Tuesday, February 15, at 4:00 pm Central Time / 5:00 pm Eastern Time. Interested parties may access the conference call live over the phone by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit Fourth Quarter and Full Year 2021 Ear
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions, today announced that it will release its fourth quarter and fiscal year 2021 financial results after the market closes on Tuesday, February 15, 2022. Jason Harvison, Chief Executive Officer, and Chad Bradford, Interim Chief Financial Officer, will host a conference call on the day of the release (February 15, 2022) at 5:00 pm ET to discuss Elevate's financial results. Interested parties may access the conference call live over the phone by dialing 1-877-407-0792 (domestic) or 1-201-689-8263 (international) and requesting the Elevate Credit Fourth Quarter and Full Year 20
Elevate Credit's (NYSE:ELVT) short percent of float has fallen 23.66% since its last report. The company recently reported that it has 205 thousand shares sold short, which is 0.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 0.8 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Elevate Credit (NYSE:ELVT) brought in sales totaling $125.62 million during Q3 according to data provided by Benzinga Pro. However, earnings decreased 129.7%, resulting in a loss of $15.03 million. In Q2, Elevate Credit brought in $117.61 million in sales but lost $6.54 million in earnings. What Is ROCE? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, Elevate Credit posted
Elevate Credit's (NYSE:ELVT) short percent of float has fallen 52.06% since its last report. The company recently reported that it has 267 thousand shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
Gainers Satixfy Communications Ltd. (NYSE:SATX) jumped 96.4% to settle at $51.70 on Thursday. Elevate Credit, Inc. (NYSE:ELVT) shares jumped 68.9% to close at $1.79 on Thursday after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million. Ardelyx Inc (NASDAQ:ARDX) shares climbed 41% to close at $1.72 as the company said the FDA Advisory Committee voted 9-To-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis. CytomX Therapeutics, Inc. (NASDAQ:CTMX) gained 32.2% to close at $1.60 after the company and Regeneron announced a s
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping around 60 points on Thursday. The Dow traded down 0.18% to 33,491.86 while the NASDAQ fell 0.54% to 11,123.49. The S&P 500 also fell, dropping, 0.56% to 3,936.57. Also check this: Nasdaq Drops Sharply, But Market Volatility Decreases Leading and Lagging Sectors Health care shares rose by 0.1% on Thursday. Leading the sector was strength from Ardelyx, Inc. (NASDAQ:ARDX) and OmniAb, Inc. (NASDAQ:OABI). In trading on Thursday, utilities dipped by 1.8%. Top Headline Alibaba Group Holding Ltd (NYSE:BABA) reported better-than-expected earnings for its second quarter, while sales missed estimate
Elevate Credit's (NYSE:ELVT) short percent of float has fallen 7.58% since its last report. The company recently reported that it has 557 thousand shares sold short, which is 1.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.9 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Gainers Elevate Credit, Inc. (NYSE:ELVT) shares surged 71.2% to $1.8150 after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million. Ardelyx Inc (NASDAQ:ARDX) shares jumped 45.1% to $1.7699 as the company said the FDA Advisory Committee voted 9-To-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis. Satixfy Communications Ltd. (NYSE:SATX) gained 37.3% to $36.14. Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) surged 37.2% to $3.57. CytomX Therapeutics, Inc. (NASDAQ:CTMX) jumped 24.8% to $1.5110 after the company and Reg
U.S. stocks traded lower midway through trading, with the S&P 500 dropping around 1% on Thursday. The Dow traded down 0.53% to 33,377.30 while the NASDAQ fell 0.85% to 11,088.75. The S&P 500 also fell, dropping, 0.96% to 3,920.64. Also check this: Nasdaq Drops Sharply, But Market Volatility Decreases Leading and Lagging Sectors Health care shares fell by just 0.3% on Thursday. Leading the sector was strength from Ardelyx, Inc. (NASDAQ:ARDX) and Puma Biotechnology, Inc. (NASDAQ:PBYI). In trading on Thursday, utilities dipped by 2%. Top Headline US jobless claims dropped by 4,000 to 222,000 on the week ending November 12th, compared to market estimates of 225,000. Equities
Gainers Ardelyx Inc (NASDAQ:ARDX) shares rose 81.2% to $2.21 in pre-market trading as the company said the FDA Advisory Committee voted 9-To-4 that the benefits of XPHOZAH outweigh its risks for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis. Elevate Credit, Inc. (NYSE:ELVT) shares rose 65.1% to $1.75 in pre-market trading after the company agreed to be acquired by Park Cities Asset Management in an all-cash transaction at an implied value of $67 million. Cuentas Inc. (NASDAQ:CUEN) rose 29.6% to $0.3239 in pre-market trading after dropping 28% on Wednesday. Cuentas authorized a share repurchase program. Bath & Body Works, Inc. (NYSE:BBWI) rose