Enova International (NYSE:ENVA) Reaches New 1-Year High – Time to Buy?

Enova International, Inc. (NYSE:ENVA)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $204.06 and last traded at $203.00, with a volume of 523268 shares changing hands. The stock had previously closed at $202.55.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Maxim Group boosted their price target on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Citizens Jmp increased their price objective on shares of Enova International from $182.00 to $195.00 and gave the company a “market outperform” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Tuesday, April 21st. Finally, Citigroup reiterated an “outperform” rating on shares of Enova International in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $198.80.

Enova International Price Performance

The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. The stock has a market cap of $5.10 billion, a P/E ratio of 16.56 and a beta of 1.28. The company’s 50 day simple moving average is $168.71 and its 200 day simple moving average is $156.36.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.21. The company had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the business posted $2.98 earnings per share. As a group, equities analysts forecast that Enova International, Inc. will post 15.37 earnings per share for the current year.

Insider Activity at Enova International

In related news, Chairman David Fisher sold 3,076 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $158.45, for a total transaction of $487,392.20. Following the sale, the chairman owned 306,444 shares of the company’s stock, valued at approximately $48,556,051.80. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the transaction, the director owned 50,820 shares in the company, valued at approximately $9,555,176.40. This represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,822 shares of company stock worth $9,149,396 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares in the last quarter. SG Americas Securities LLC lifted its stake in Enova International by 2,933.1% in the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after buying an additional 134,393 shares in the last quarter. CX Institutional boosted its holdings in shares of Enova International by 2.7% in the fourth quarter. CX Institutional now owns 72,224 shares of the credit services provider’s stock valued at $11,354,000 after buying an additional 1,872 shares during the period. CSM Advisors LLC boosted its holdings in shares of Enova International by 16.7% in the third quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider’s stock valued at $7,199,000 after buying an additional 8,972 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in shares of Enova International by 3.9% during the first quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock worth $8,450,000 after acquiring an additional 2,351 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.