Enova International (NYSE:ENVA) PT Raised to $109.00 at JMP Securities

Enova International (NYSE:ENVA) had its price target upped by JMP Securities from $103.00 to $109.00 in a research note published on Wednesday, Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

A number of other brokerages also recently commented on ENVA. TD Cowen raised their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.33.

Enova International Price Performance

Shares of ENVA opened at $85.57 on Wednesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.65 and a beta of 1.43. Enova International has a fifty-two week low of $36.01 and a fifty-two week high of $96.01. The firm has a 50-day simple moving average of $83.16 and a 200-day simple moving average of $71.66. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current 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 company had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 25.1% on a year-over-year basis. On average, equities research analysts anticipate that Enova International will post 7.74 earnings per share for the current year.

Enova International announced that its Board of Directors has approved a stock buyback program on Monday, August 12th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the transaction, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. The trade was 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 link. In related news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total value of $238,383.00. Following the sale, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at approximately $34,898,033.55. 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 22,700 shares of company stock worth $1,917,483 in the last quarter. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Enova International by 172.5% in the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 32,779 shares during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International in the 2nd quarter valued at about $235,000. SG Americas Securities LLC purchased a new position in Enova International in the 1st quarter valued at about $223,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.