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

Shares of Enova International, Inc. (NYSE:ENVA) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $91.14.

ENVA has been the subject of a number of recent research reports. JMP Securities boosted their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research increased their price target on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stephens initiated coverage on Enova International in a research note on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective on the stock. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

Enova International Stock Performance

NYSE:ENVA opened at $100.94 on Friday. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a 50 day simple moving average of $96.08 and a 200 day simple moving average of $81.25. Enova International has a 1-year low of $52.77 and a 1-year high of $108.15. The stock has a market cap of $2.65 billion, a P/E ratio of 16.10 and a beta of 1.46.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The company had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue was up 25.1% on a year-over-year basis. Research analysts anticipate that Enova International will post 7.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 2,455 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total transaction of $220,336.25. Following the sale, the chief financial officer now owns 127,900 shares of the company’s stock, valued at $11,479,025. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO James Joseph Lee sold 615 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the sale, the chief accounting officer now owns 20,646 shares in the company, valued at $1,849,675.14. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,843 shares of company stock worth $8,552,679 in the last ninety days. 7.80% of the stock is owned by insiders.

Institutional Trading of Enova International

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after buying an additional 12,928 shares during the period. Smith Shellnut Wilson LLC ADV bought a new position in shares of Enova International during the second quarter valued at $235,000. SG Americas Securities LLC acquired a new position in shares of Enova International during the third quarter worth $772,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. Finally, Summit Global Investments grew its stake in shares of Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares during the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

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.