Enova International, Inc. (NYSE:ENVA) Receives Average Rating of “Moderate Buy” from Analysts

Enova International, Inc. (NYSE:ENVA) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $91.14.

A number of analysts have recently weighed in on ENVA shares. JMP Securities raised their price target on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Stephens assumed coverage on shares of Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price on the stock. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, BTIG Research upped their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Enova International Stock Performance

NYSE:ENVA opened at $98.39 on Thursday. The firm has a 50-day moving average of $100.09 and a two-hundred day moving average of $86.02. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The stock has a market cap of $2.58 billion, a P/E ratio of 15.69 and a beta of 1.48. Enova International has a 1-year low of $53.17 and a 1-year high of $108.15.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The firm had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same quarter last year, the firm earned $1.33 EPS. Enova International’s quarterly revenue was up 25.1% on a year-over-year basis. On average, research analysts expect that Enova International will post 7.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Kirk Chartier sold 17,644 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the transaction, the insider now owns 117,422 shares of the company’s stock, valued at approximately $10,192,229.60. The trade was a 13.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the sale, the chief executive officer now directly owns 369,905 shares in the company, valued at approximately $39,058,268.95. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,843 shares of company stock valued at $8,552,679 over the last quarter. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Hedge funds have recently made changes to their positions in the business. Foundry Partners LLC lifted its holdings in Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after purchasing an additional 1,328 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after acquiring an additional 12,928 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after acquiring an additional 200 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after acquiring an additional 1,311 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Enova International during the third quarter worth approximately $772,000. Institutional investors own 89.43% of the company’s stock.

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.