Enova International (NYSE:ENVA) Rating Lowered to Hold at StockNews.com

Enova International (NYSE:ENVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts have also recently issued research reports about the stock. JMP Securities boosted their price target on shares of Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. BTIG Research initiated coverage on shares of Enova International in a research note on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price for the company. TD Cowen lifted their price target on Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Enova International Stock Up 1.1 %

Shares of NYSE ENVA opened at $84.19 on Tuesday. The stock has a market cap of $2.37 billion, a P/E ratio of 15.14 and a beta of 1.43. The business’s fifty day simple moving average is $81.20 and its 200-day simple moving average is $69.54. Enova International has a 12-month low of $35.30 and a 12-month high of $88.42. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The company had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same quarter last year, the company earned $1.57 EPS. Enova International’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, equities analysts predict that Enova International will post 7.79 EPS for the current fiscal year.

Enova International declared that its board has initiated a share repurchase program on Monday, August 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Enova International

In other news, CFO Steven E. Cunningham sold 23,867 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the sale, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Sean Rahilly sold 10,158 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.36, for a total transaction of $826,454.88. Following the completion of the sale, the general counsel now owns 101,949 shares of the company’s stock, valued at $8,294,570.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,725 shares of company stock worth $4,690,053 in the last 90 days. 7.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in shares of Enova International during the 3rd quarter valued at approximately $76,000. GAMMA Investing LLC increased its stake in Enova International by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after purchasing an additional 210 shares in the last quarter. SG Americas Securities LLC acquired a new position in Enova International during the third quarter worth $772,000. Smith Shellnut Wilson LLC ADV purchased a new stake in Enova International during the second quarter worth $235,000. Finally, Summit Global Investments grew its holdings in Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after purchasing an additional 1,785 shares during the last quarter. Hedge funds and other 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.