Enova International (NYSE:ENVA) Reaches New 12-Month High – Time to Buy?

Enova International, Inc. (NYSE:ENVA)’s share price reached a new 52-week high on Friday . The company traded as high as $108.20 and last traded at $106.80, with a volume of 14263 shares. The stock had previously closed at $106.38.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ENVA shares. Stephens started coverage on Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective on the stock. BTIG Research raised their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen raised their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, JMP Securities raised their target price on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.14.

Enova International Trading Up 1.1 %

The stock’s 50-day moving average price is $100.91 and its 200 day moving average price is $87.38. 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 firm has a market capitalization of $2.82 billion, a PE ratio of 17.15 and a beta of 1.48.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) 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 business had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period last year, the business posted $1.33 EPS. The business’s revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts expect that Enova International, Inc. will post 7.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 2,455 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total value of $220,336.25. Following the completion of the transaction, the chief financial officer now owns 127,900 shares of the company’s stock, valued at $11,479,025. The trade was a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Fisher sold 13,314 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total value of $1,354,566.36. Following the completion of the transaction, the chief executive officer now directly owns 399,925 shares of the company’s stock, valued at $40,688,369.50. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,843 shares of company stock valued at $8,552,679. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

A number of large investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in Enova International during the 3rd quarter worth approximately $76,000. GAMMA Investing LLC grew its position in shares of Enova International by 24.6% in the third 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. Crossmark Global Holdings Inc. purchased a new stake in shares of Enova International in the fourth quarter valued at approximately $206,000. F M Investments LLC purchased a new position in Enova International in the third quarter worth approximately $242,000. Finally, SG Americas Securities LLC purchased a new position in Enova International in the third quarter worth approximately $772,000. Institutional investors and hedge funds 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.