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

Shares of Enova International, Inc. (NYSE:ENVA) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $88.33.

Several research firms recently issued reports on ENVA. TD Cowen lifted their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. BTIG Research raised their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, JMP Securities increased their price target on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday.

Enova International Stock Performance

Shares of ENVA stock opened at $85.58 on Friday. The firm has a market cap of $2.41 billion, a P/E ratio of 15.39 and a beta of 1.43. 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 has a fifty-two week low of $36.01 and a fifty-two week high of $96.01. The stock’s 50-day moving average is $83.10 and its two-hundred day moving average is $71.50.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Analysts predict that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International declared that its board has initiated a stock repurchase program on Monday, August 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total value of $844,500.00. Following the completion of the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Enova International news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the sale, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Linda Johnson Rice sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the transaction, the director now directly owns 7,486 shares of the company’s stock, valued at $660,938.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $1,917,483 over the last three months. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Several large investors have recently modified their holdings of ENVA. 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 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 valued at $1,694,000 after acquiring an additional 200 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of Enova International by 25.1% during the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 233 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 636 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Enova International in the 3rd quarter worth about $76,000. 89.43% of the stock is currently owned by institutional investors.

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.