Enova International (NYSE:ENVA) Shares Gap Up – Should You Buy?

Enova International, Inc. (NYSE:ENVA) shares gapped up prior to trading on Tuesday. The stock had previously closed at $168.34, but opened at $175.08. Enova International shares last traded at $169.3150, with a volume of 69,396 shares.

Analysts Set New Price Targets

ENVA has been the subject of a number of research reports. Maxim Group reduced their price objective on Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Citizens Jmp raised their target price on Enova International from $215.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Friday, October 23rd. Citigroup reissued a “market outperform” rating on shares of Enova International in a report on Friday, October 23rd. Jefferies Financial Group cut their target price on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $239.00.

Enova International Stock Performance

The company has a market capitalization of $4.17 billion, a PE ratio of 11.71 and a beta of 1.36. The firm’s 50-day simple moving average is $185.01 and its 200-day simple moving average is $184.25. The company has a current ratio of 18.92, a quick ratio of 18.91 and a debt-to-equity ratio of 3.43.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating the consensus estimate of $4.42 by $0.06. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.36 EPS. On average, research analysts predict that Enova International, Inc. will post 16.32 earnings per share for the current year.

Insider Activity at Enova International

In other news, insider Kirk Chartier sold 27,977 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the sale, the insider owned 76,995 shares of the company’s stock, valued at $13,205,412.45. This trade represents a 26.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Sean Rahilly sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $183.26, for a total value of $1,832,600.00. Following the transaction, the general counsel owned 104,249 shares in the company, valued at $19,104,671.74. This trade represents a 8.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,758 shares of company stock valued at $21,490,436. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ENVA. USA Financial Formulas purchased a new stake in shares of Enova International in the third quarter valued at about $30,000. Jacobi Capital Management LLC acquired a new stake in shares of Enova International in the third quarter valued at $32,000. Integrated Wealth Concepts LLC acquired a new position in Enova International in the 2nd quarter valued at about $52,000. McIlrath & Eck LLC acquired a new stake in Enova International during the 1st quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. grew its stake in Enova International by 51.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 338 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 115 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

About Enova International

Enova International is a financial technology company that provides online financial services to consumers and small businesses, with a focus on customers who may have limited access to traditional credit. Its products include installment loans and lines of credit. The company serves consumers through brands including CashNetUSA and NetCredit, and provides financing to small businesses through OnDeck and Headway Capital. Enova also uses data analytics and technology to support its lending and customer-service operations.