Enova International (NYSE:ENVA) PT Raised to $76.00

Enova International (NYSE:ENVA) had its price target hoisted by TD Cowen from $70.00 to $76.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a hold rating on the credit services provider’s stock.

ENVA has been the topic of several other reports. Maxim Group boosted their price target on Enova International from $70.00 to $78.00 and gave the stock a buy rating in a report on Thursday, April 25th. StockNews.com upgraded Enova International from a hold rating to a buy rating in a report on Thursday, May 2nd. Jefferies Financial Group upped their target price on Enova International from $70.00 to $75.00 and gave the company a buy rating in a report on Tuesday, April 9th. BMO Capital Markets upped their target price on Enova International from $60.00 to $62.00 and gave the company a market perform rating in a report on Thursday, April 25th. Finally, JMP Securities upped their target price on Enova International from $78.00 to $93.00 and gave the company a market outperform rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $76.80.

Enova International Stock Performance

NYSE:ENVA opened at $81.91 on Wednesday. The stock has a market cap of $2.16 billion, a P/E ratio of 14.73 and a beta of 1.45. The company has a current ratio of 12.07, a quick ratio of 13.15 and a debt-to-equity ratio of 2.78. The stock’s 50-day moving average is $63.51 and its 200-day moving average is $61.25. Enova International has a 1-year low of $35.30 and a 1-year high of $82.29.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.14. The company had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 earnings per share. Equities research analysts anticipate that Enova International will post 7.32 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, CEO David Fisher sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total value of $1,254,400.00. Following the transaction, the chief executive officer now directly owns 461,439 shares of the company’s stock, valued at $28,941,454.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Enova International news, Director Linda Johnson Rice sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $63.02, for a total value of $110,285.00. Following the transaction, the director now directly owns 10,186 shares of the company’s stock, valued at $641,921.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Fisher sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total value of $1,254,400.00. Following the transaction, the chief executive officer now directly owns 461,439 shares in the company, valued at $28,941,454.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,053 shares of company stock valued at $5,732,873. 7.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enova International

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares during the period. Orchard Capital Management LLC raised its position in shares of Enova International by 30.0% during the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock worth $12,862,000 after purchasing an additional 53,647 shares during the period. SG Americas Securities LLC acquired a new position in shares of Enova International during the first quarter worth approximately $223,000. GAMMA Investing LLC acquired a new position in shares of Enova International during the fourth quarter worth approximately $37,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Enova International during the fourth quarter worth approximately $957,000. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Company Profile

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.