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

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $91.14.

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

Enova International Stock Performance

Shares of ENVA stock opened at $98.39 on Thursday. The stock has a fifty day moving average price of $100.09 and a 200 day moving average price of $86.02. 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 stock has a market cap of $2.58 billion, a PE ratio of 15.69 and a beta of 1.48. Enova International has a 1 year low of $53.17 and a 1 year high of $108.15.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 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 business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same period in the prior year, the business earned $1.33 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. Sell-side analysts forecast that Enova International will post 7.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO James Joseph Lee sold 615 shares of Enova International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the transaction, the chief accounting officer now directly owns 20,646 shares of the company’s stock, valued at $1,849,675.14. The trade was a 2.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Fisher sold 13,314 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the sale, the chief executive officer now directly owns 399,925 shares of the company’s stock, valued at approximately $40,688,369.50. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.

Hedge Funds Weigh In On Enova International

Hedge funds have recently made changes to their positions in the business. USA Financial Formulas acquired a new stake in Enova International in the 3rd quarter valued at $76,000. GAMMA Investing LLC boosted its position in shares of Enova International by 24.6% in the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after buying an additional 210 shares during the period. F M Investments LLC acquired a new stake in shares of Enova International in the third quarter valued at about $242,000. SG Americas Securities LLC purchased a new stake in shares of Enova International during the 3rd quarter valued at about $772,000. Finally, Quantbot Technologies LP lifted its position in Enova International by 10.2% during the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after acquiring an additional 1,311 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.