Brokerages Set Enova International, Inc. (NYSE:ENVA) Target Price at $110.14

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $110.14.

Several research firms recently commented on ENVA. JMP Securities raised their price target on shares of Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 5th. Stephens raised their price target on shares of Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Maxim Group raised their price target on shares of Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, BTIG Research raised their price target on shares of Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th.

Enova International Stock Down 3.3 %

NYSE:ENVA opened at $93.24 on Friday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 12.53 and a beta of 1.50. Enova International has a 1-year low of $57.46 and a 1-year high of $117.56. The company’s fifty day moving average price is $105.37 and its 200-day moving average price is $95.94. The company has a debt-to-equity ratio of 2.98, a current ratio of 9.52 and a quick ratio of 15.82.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.88% and a return on equity of 19.94%. As a group, equities research analysts anticipate that Enova International will post 10.31 EPS for the current year.

Insider Buying and Selling at Enova International

In other news, CAO James Joseph Lee sold 455 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $116.59, for a total value of $53,048.45. Following the transaction, the chief accounting officer now directly owns 21,688 shares of the company’s stock, valued at approximately $2,528,603.92. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven E. Cunningham sold 25,733 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the completion of the transaction, the chief financial officer now directly owns 155,855 shares in the company, valued at approximately $18,157,107.50. This represents a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Enova International by 672.9% in the fourth quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider’s stock worth $36,000 after buying an additional 323 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Enova International by 823.0% in the fourth quarter. Sterling Capital Management LLC now owns 803 shares of the credit services provider’s stock worth $77,000 after buying an additional 716 shares in the last quarter. Longboard Asset Management LP purchased a new position in shares of Enova International in the fourth quarter worth about $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Enova International in the fourth quarter worth about $206,000. Finally, Cibc World Markets Corp purchased a new position in shares of Enova International in the fourth quarter worth about $229,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.