Enova International (NYSE:ENVA) Hits New 52-Week High – Here’s What Happened

Shares of Enova International, Inc. (NYSE:ENVA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $113.29 and last traded at $112.80, with a volume of 238024 shares. The stock had previously closed at $109.76.

Analyst Upgrades and Downgrades

ENVA has been the topic of several research reports. JMP Securities lifted their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” 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 note on Monday, October 21st. TD Cowen raised their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Stephens initiated coverage on shares of Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price on the stock. Finally, BTIG Research lifted their price target on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Price Performance

The firm’s fifty day simple moving average is $102.69 and its 200-day simple moving average is $90.69. The firm has a market capitalization of $2.98 billion, a PE ratio of 18.12 and a beta of 1.48. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79.

Insider Activity at Enova International

In related news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total transaction of $1,054,700.00. Following the sale, the chief executive officer now directly owns 389,925 shares of the company’s stock, valued at $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 33,314 shares of company stock valued at $3,465,166 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Enova International by 28.6% during the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after purchasing an additional 12,928 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Enova International during the 3rd quarter valued at $772,000. F M Investments LLC bought a new position in shares of Enova International during the 3rd quarter valued at $242,000. Crossmark Global Holdings Inc. bought a new position in shares of Enova International during the 4th quarter valued at $206,000. Finally, Longboard Asset Management LP bought a new stake in shares of Enova International in the fourth quarter worth $202,000. 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.