Enova International (NYSE:ENVA) Given New $135.00 Price Target at JMP Securities

Enova International (NYSE:ENVA) had its target price upped by JMP Securities from $125.00 to $135.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

A number of other brokerages have also commented on ENVA. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TD Cowen raised 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. Stephens started coverage on Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price target for the company. Finally, BTIG Research raised their price target on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.14.

Enova International Stock Performance

NYSE:ENVA opened at $114.91 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 18.33 and a beta of 1.49. Enova International has a fifty-two week low of $53.80 and a fifty-two week high of $117.56. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The business has a 50 day moving average price of $103.70 and a 200-day moving average price of $92.30.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.08. Enova International had a return on equity of 18.41% and a net margin of 7.19%. Equities research analysts predict that Enova International will post 7.98 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the transaction, the chief executive officer now directly owns 369,905 shares in the company, valued at $39,058,268.95. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of ENVA. USA Financial Formulas bought a new position in shares of Enova International during the third quarter valued at $76,000. GAMMA Investing LLC increased its holdings in shares of Enova International by 24.6% during the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after acquiring an additional 210 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of Enova International during the fourth quarter valued at $202,000. Crossmark Global Holdings Inc. bought a new position in shares of Enova International during the fourth quarter valued at $206,000. Finally, F M Investments LLC bought a new position in shares of Enova International during the third quarter valued at $242,000. 89.43% of the stock is currently owned by institutional investors.

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.