Zacks Research Upgrades Enova International (NYSE:ENVA) to Strong-Buy

Enova International (NYSE:ENVA) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on ENVA. Maxim Group lifted their target price on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 27th. TD Cowen boosted their price target on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a report on Friday, July 24th. Citizens Jmp upped their price target on shares of Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, June 26th. Citigroup reiterated a “market outperform” rating on shares of Enova International in a report on Friday, July 24th. Finally, Stephens lifted their price objective on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $247.83.

Enova International Trading Up 4.1%

NYSE:ENVA opened at $254.74 on Wednesday. The stock has a market cap of $6.34 billion, a PE ratio of 18.88 and a beta of 1.21. Enova International has a fifty-two week low of $99.61 and a fifty-two week high of $256.26. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The stock’s 50-day moving average is $208.54 and its two-hundred day moving average is $172.07.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The business had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.23 earnings per share. As a group, equities research analysts forecast that Enova International will post 16.3 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Tebbe sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This trade represents a 28.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Goodyear sold 6,231 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the completion of the sale, the director owned 68,740 shares of the company’s stock, valued at approximately $11,416,339.20. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 99,030 shares of company stock valued at $18,379,363. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of institutional investors have recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in shares of Enova International in the fourth quarter worth $1,851,000. Geode Capital Management LLC grew its stake in Enova International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after buying an additional 18,258 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Enova International by 19.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock valued at $2,703,000 after buying an additional 3,299 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Enova International by 43.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,774 shares of the credit services provider’s stock worth $3,737,000 after acquiring an additional 7,200 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in Enova International by 3.9% in the 1st 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 during the period. Institutional investors own 89.43% of the company’s stock.

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.