Brokerages Set Enova International, Inc. (NYSE:ENVA) Price Target at $91.14

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

A number of research firms recently weighed in on ENVA. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TD Cowen increased their target price on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. BTIG Research lifted their price target on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JMP Securities increased their price target on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, Stephens began coverage on shares of Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective on the stock.

Insider Activity at Enova International

In related news, Director Gregg A. Kaplan sold 7,657 shares of the business’s stock in a transaction on 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 directly owns 41,109 shares in the company, valued at $3,597,448.59. The trade was a 15.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total value of $1,055,900.00. Following the sale, the chief executive officer now directly owns 369,905 shares in the company, valued at $39,058,268.95. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,843 shares of company stock valued at $8,552,679 in the last ninety days. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ENVA. BNP Paribas Financial Markets grew its position in Enova International by 28.6% during 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. Quantbot Technologies LP grew its position in shares of Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after acquiring an additional 1,311 shares during the period. Foundry Partners LLC grew its holdings in Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after purchasing an additional 1,328 shares during the period. F M Investments LLC acquired a new position in shares of Enova International during the 3rd quarter worth approximately $242,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted 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 valued at $1,694,000 after buying an additional 200 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Price Performance

ENVA opened at $97.96 on Thursday. The business has a fifty day moving average of $100.64 and a 200 day moving average of $86.97. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a market cap of $2.57 billion, a P/E ratio of 15.62 and a beta of 1.48. Enova International has a 52-week low of $53.17 and a 52-week high of $108.15.

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

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.