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

Enova International, Inc. (NYSE:ENVA) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $88.33.

A number of brokerages recently weighed in on ENVA. TD Cowen lifted their price target on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research boosted their price target on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities boosted their target price 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. Finally, Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th.

Insider Activity

In other news, insider Kirk Chartier sold 17,644 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $86.80, for a total value of $1,531,499.20. Following 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Gregg A. Kaplan sold 7,657 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $87.51, for a total transaction of $670,064.07. Following the completion of the transaction, the director now owns 41,109 shares of the company’s stock, valued at approximately $3,597,448.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kirk Chartier sold 17,644 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the sale, the insider now owns 117,422 shares of the company’s stock, valued at approximately $10,192,229.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,074 shares of company stock valued at $6,546,277 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after buying an additional 185 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Enova International by 1.0% during the 3rd 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 in the last quarter. J.Safra Asset Management Corp lifted its holdings in 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 purchasing an additional 233 shares during the last quarter. Lazard Asset Management LLC boosted its position in Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after buying an additional 636 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Enova International during the third quarter worth approximately $76,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Stock Up 1.3 %

ENVA opened at $88.24 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of 15.87 and a beta of 1.43. The stock’s 50 day moving average price is $83.46 and its 200 day moving average price is $72.28. Enova International has a 12 month low of $38.89 and a 12 month high of $96.01. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07.

Enova International (NYSE:ENVA) last announced its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million during the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter last year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. As a group, research analysts predict that Enova International will post 7.74 earnings per share for the current year.

Enova International announced that its board has initiated a stock repurchase 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 buy up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is 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.