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

Enova International, Inc. (NYSE:ENVA) has earned an average recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $247.8333.

ENVA has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. TD Cowen upped their price target on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Zacks Research raised Enova International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a report on Friday, July 24th. Finally, Jefferies Financial Group boosted their target price on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th.

Enova International Stock Up 0.2%

Enova International stock opened at $223.52 on Friday. The stock has a 50 day moving average of $240.92 and a two-hundred day moving average of $191.00. Enova International has a twelve month low of $103.02 and a twelve month high of $267.45. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 16.57 and a beta of 1.21.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company had revenue of $928.93 million for the quarter, compared to analysts’ expectations of $909.61 million. During the same period in the previous year, the company posted $3.23 EPS. Enova International’s revenue was up 21.6% compared to the same quarter last year. As a group, research analysts expect that Enova International will post 16.3 earnings per share for the current year.

Insider Activity at Enova International

In other news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the completion of the transaction, the director directly owned 50,029 shares of the company’s stock, valued at $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David Fisher sold 9,078 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $239.16, for a total value of $2,171,094.48. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at $73,289,147.04. This represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 75,129 shares of company stock valued at $15,753,056. 8.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HB Wealth Management LLC raised its position in shares of Enova International by 3.1% in the second quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $404,000 after buying an additional 51 shares during the last quarter. GAMMA Investing LLC boosted its position in Enova International by 2.6% during the second quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock worth $697,000 after acquiring an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Enova International by 4.7% during the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider’s stock worth $458,000 after acquiring an additional 86 shares during the last quarter. California State Teachers Retirement System grew its stake in Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after acquiring an additional 105 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.