Enova International, Inc. (NYSE:ENVA) Given Average Recommendation of “Moderate Buy” by Brokerages

Enova International, Inc. (NYSE:ENVA) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $91.14.

Several equities analysts have commented on the stock. BTIG Research increased their price target on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Stephens assumed coverage on shares of Enova International in a research note on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price target on the stock. JMP Securities upped their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, TD Cowen boosted their target price on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

Insider Activity at Enova International

In related news, Director Gregg A. Kaplan sold 7,657 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $87.51, for a total value of $670,064.07. Following the sale, the director now directly owns 41,109 shares in the company, valued at $3,597,448.59. The trade was a 15.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kirk Chartier sold 17,644 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $86.80, for a total value of $1,531,499.20. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $10,192,229.60. This trade represents a 13.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,843 shares of company stock worth $7,286,579 in the last three months. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after buying an additional 185 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of Enova International by 25.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 233 shares during the period. USA Financial Formulas acquired a new stake in shares of Enova International during the 3rd quarter valued at approximately $76,000. SG Americas Securities LLC purchased a new stake in shares of Enova International during the 1st quarter worth approximately $223,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Trading Up 0.3 %

Shares of NYSE:ENVA opened at $100.29 on Wednesday. Enova International has a 52 week low of $39.87 and a 52 week high of $106.51. The company’s 50 day moving average is $87.91 and its two-hundred day moving average is $75.96. The company has a market cap of $2.63 billion, a PE ratio of 16.00 and a beta of 1.42. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The company had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. Enova International’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Equities analysts predict that Enova International will post 8.04 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has authorized a stock buyback program on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.