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

Enova International, Inc. (NYSE:ENVA) has received a consensus rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $188.00.

Several research analysts have issued reports on ENVA shares. Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 15th. Citizens Jmp upped their target price on shares of Enova International from $180.00 to $182.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. Finally, Citigroup reissued an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th.

Insider Buying and Selling

In related news, Chairman David Fisher sold 37,989 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $165.31, for a total transaction of $6,279,961.59. Following the sale, the chairman directly owned 348,223 shares in the company, valued at $57,564,744.13. This represents a 9.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven E. Cunningham sold 11,436 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $165.13, for a total value of $1,888,426.68. Following the sale, the chief executive officer directly owned 127,719 shares of the company’s stock, valued at $21,090,238.47. This represents a 8.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,019 shares of company stock valued at $19,748,101 in the last ninety days. 8.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Enova International by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock valued at $2,706,000 after buying an additional 105 shares during the last quarter. Bessemer Group Inc. lifted its position in Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after buying an additional 162 shares in the last quarter. J.Safra Asset Management Corp lifted its position in Enova International by 3.3% during the 3rd quarter. J.Safra Asset Management Corp now owns 5,503 shares of the credit services provider’s stock worth $633,000 after buying an additional 176 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Enova International during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Down 1.4%

ENVA stock opened at $135.00 on Friday. Enova International has a 1-year low of $79.41 and a 1-year high of $176.68. The company has a current ratio of 9.48, a quick ratio of 9.48 and a debt-to-equity ratio of 3.37. The business’s 50 day moving average is $149.43 and its 200-day moving average is $137.28. The firm has a market cap of $3.38 billion, a P/E ratio of 11.66 and a beta of 1.24.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $3.17 by $0.29. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.Enova International’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. Equities analysts anticipate that Enova International will post 10.31 earnings per share for the current fiscal year.

About Enova International

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.