Enova International (NYSE:ENVA) Reaches New 52-Week High at $64.86

Shares of Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $64.86 and last traded at $64.32, with a volume of 403222 shares traded. The stock had previously closed at $61.23.

Analysts Set New Price Targets

ENVA has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. JMP Securities upped their target price on Enova International from $62.00 to $73.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. BMO Capital Markets upped their target price on Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 31st. Finally, TheStreet lowered Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Enova International Price Performance

The business has a 50-day moving average of $61.23 and a 200 day moving average of $53.47. The firm has a market capitalization of $1.77 billion, a P/E ratio of 11.61 and a beta of 1.55. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Enova International had a return on equity of 15.84% and a net margin of 8.27%. The company had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. On average, sell-side analysts predict that Enova International, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the transaction, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Sean Rahilly sold 6,043 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $60.00, for a total transaction of $362,580.00. Following the sale, the general counsel now owns 101,949 shares in the company, valued at $6,116,940. The disclosure for this sale can be found here. Insiders sold 30,938 shares of company stock worth $1,799,557 over the last three months. 7.80% of the stock is currently owned by insiders.

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently bought and sold shares of ENVA. Orchard Capital Management LLC raised its position in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enova International in the fourth quarter worth about $957,000. GAMMA Investing LLC purchased a new position in shares of Enova International during the fourth quarter valued at approximately $37,000. Foundry Partners LLC increased its position in shares of Enova International by 7.3% during the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after buying an additional 9,357 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in shares of Enova International during the 4th quarter worth approximately $216,000. Institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.