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

Enova International, Inc. (NYSE:ENVA) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $110.14.

ENVA has been the topic of a number of research reports. JMP Securities boosted their target price on shares of Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Wednesday, February 5th. Stephens raised their target price on shares of Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. BTIG Research lifted their price objective on Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Maxim Group raised their price target on Enova International from $108.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

Insider Activity

In related news, CEO David Fisher sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $101.75, for a total transaction of $508,750.00. Following the completion of the sale, the chief executive officer now owns 348,223 shares in the company, valued at approximately $35,431,690.25. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven E. Cunningham sold 25,733 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $116.50, for a total transaction of $2,997,894.50. Following the completion of the transaction, the chief financial officer now owns 155,855 shares in the company, valued at $18,157,107.50. The trade was a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,188 shares of company stock valued at $3,559,693 in the last 90 days. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ENVA. Tieton Capital Management LLC raised its holdings in shares of Enova International by 0.7% in the fourth quarter. Tieton Capital Management LLC now owns 132,760 shares of the credit services provider’s stock worth $12,729,000 after buying an additional 900 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Enova International by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider’s stock valued at $7,946,000 after buying an additional 24,806 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Enova International by 32.2% in the fourth quarter. Lazard Asset Management LLC now owns 28,934 shares of the credit services provider’s stock valued at $2,773,000 after acquiring an additional 7,043 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Enova International by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 15,470 shares of the credit services provider’s stock worth $1,483,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Enova International by 10.2% during the third 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 in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

Enova International Trading Up 0.4 %

NYSE ENVA opened at $96.51 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 15.82 and a current ratio of 9.52. Enova International has a fifty-two week low of $57.46 and a fifty-two week high of $117.56. The stock has a market cap of $2.49 billion, a P/E ratio of 12.97 and a beta of 1.43. The stock has a 50 day simple moving average of $103.62 and a two-hundred day simple moving average of $97.74.

Enova International (NYSE:ENVA) last announced its earnings results 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 net margin of 7.88% and a return on equity of 19.94%. On average, analysts forecast that Enova International will post 10.31 earnings per share 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.