Renaissance Technologies LLC has recently announced that it has increased stake in Elevate Credit Inc. (NYSE:ELVT) by 3.16%. After grabbing 1.2 million shares, the institutional investor is now in possession of 36900.0 shares of the Financial Company. The new investment brought the stake of investor firm to 3.88% having worth around $1.23 million. Moreover, Fuller & Thaler Asset Management, increased its share by 5875.0 to have a control over 0.93 million shares. And Bridgeway Capital Management LLC raised its holdings to 3000.0 shares by acquiring 0.91 million shares or 2.93% of the stake.
Elevate Credit Inc. (ELVT) concluded trading on 11/17/22 at a closing price of $1.79, with 4.62 million shares of worth about $8.26 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.24% during that period and on Thursday the price saw a gain of about 68.87%. Currently the company’s common shares owned by public are about 31.24M shares, out of which, 26.78M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 60 times over the past 12 months. They bought 922,869 shares in 37 of the transactions. In 23 selling transactions, insiders dumped 252,345 shares.
Vanguard Total Stock Market Index, Bridgeway Ultra Small Company Fun, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Elevate Credit Inc. Vanguard Total Stock Market Index is currently holding 0.96 million shares of worth totaling $0.98 million. The company recently came buying 0.0 shares which brought its stake up to 3.08% of the company’s outstanding shares. Bridgeway Ultra Small Company Fun bought 47800.0 shares, after which its hold over company’s outstanding shares expand to 1.81%, leaving 0.56 million shares with the mutual fund that have a worth of about $0.57 million. Vanguard Extended Market Index Fu, after buying 0.31 million shares, have now control over 1.01% of the stake in the company. It holds 0.0 shares of worth $0.32 million.
Elevate Credit Inc. (NYSE: ELVT) started trading at $1.79, above $0.73 from concluding price of the previous day. However, the stock later moved at a day high price of 1.8200, or with a gain of 68.87%. Stock saw a price change of 101.12% in past 5 days and over the past one month there was a price change of 79.00%. Year-to-date (YTD), ELVT shares are showing a performance of -39.73% which decreased to -47.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.67 but also hit the highest price of $3.95 during that period. The average intraday trading volume for Elevate Credit Inc. shares is 147.67K. The stock is currently trading 78.35% above its 20-day simple moving average (SMA20), while that difference is up 64.88% for SMA50 and it goes to -20.51% lower than SMA200.
Renaissance Technologies LLC acquired 1.2 million shares of Elevate Credit Inc. having value of about $1.23 million. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 36900.0 shares in the company valued at close to $66051.0, or have control over 3.16% stake in the company. Elevate Credit Inc. (NYSE: ELVT) currently have 31.24M outstanding shares and institutions hold larger chunk of about 38.00% of that. Holding of mutual funds in the company is about 26.05% while other institutional holders and individual stake holders have control over 72.22% and 11.47% of the stake respectively.
The stock has a current market capitalization of $55.51M and its 3Y-monthly beta is at 1.90. It has posted earnings per share of -$1.97 in the same period. It has a debt-to-equity ratio of 2.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ELVT, volatility over the week remained 12.80% while standing at 7.90% over the month.
Analysts are in expectations that Elevate Credit Inc. (ELVT) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.25 and it is $0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.38 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -213.10% while it is estimated to increase by 120.70% in next year. EPS is likely to grow at an annualized rate of -1.22% for next 5-years, compared to annual growth of -8.80% made by the stock over the past 5-years.
Stock get a Hold rating from Jefferies on January 08, 2019.