BTIG Research Begins Coverage on Enova International (NYSE:ENVA)

BTIG Research started coverage on shares of Enova International (NYSE:ENVA) in a research report released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $90.00 price target on the credit services provider’s stock.

A number of other equities research analysts also recently commented on ENVA. Maxim Group lifted their target price on shares of Enova International from $70.00 to $78.00 and gave the stock a buy rating in a research report on Thursday, April 25th. TD Cowen lifted their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a hold rating in a research report on Wednesday, July 24th. JMP Securities lifted their target price on shares of Enova International from $78.00 to $93.00 and gave the stock a market outperform rating in a research report on Wednesday, July 24th. BMO Capital Markets lifted their target price on shares of Enova International from $60.00 to $62.00 and gave the stock a market perform rating in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of Enova International from a hold rating to a buy rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $79.00.

Enova International Price Performance

Shares of NYSE ENVA opened at $82.68 on Wednesday. Enova International has a twelve month low of $35.30 and a twelve month high of $88.42. The firm has a market cap of $2.33 billion, a P/E ratio of 14.87 and a beta of 1.45. The company has a 50 day moving average of $69.43 and a 200 day moving average of $63.69. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The company had revenue of $628.44 million during the quarter, compared to analyst estimates of $622.92 million. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, research analysts expect that Enova International will post 7.87 EPS for the current fiscal year.

Insider Activity at Enova International

In related news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total transaction of $238,383.00. Following the transaction, the director now owns 7,486 shares in the company, valued at approximately $660,938.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Enova International news, Director Linda Johnson Rice sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total value of $238,383.00. Following the sale, the director now owns 7,486 shares in the company, valued at approximately $660,938.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the sale, the insider now owns 117,422 shares in the company, valued at approximately $7,064,107.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,028 shares of company stock worth $5,495,742. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

Several hedge funds have recently bought and sold shares of ENVA. BNP Paribas Financial Markets raised its position in shares of Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 32,779 shares in the last quarter. Orchard Capital Management LLC raised its position in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enova International during the 1st quarter valued at about $223,000. GAMMA Investing LLC purchased a new stake in shares of Enova International during the 4th quarter valued at about $37,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Enova International during the 4th quarter valued at about $957,000. Hedge funds and other 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.