Enova International (NYSE:ENVA) Hits New 12-Month High – Should You Buy?

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $179.27 and last traded at $177.8740, with a volume of 33532 shares trading hands. The stock had previously closed at $171.54.

Wall Street Analysts Forecast Growth

ENVA has been the topic of several recent analyst reports. Stephens upped their price target on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Maxim Group upped their price target on Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 27th. TD Cowen upped their price target on Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Citizens Jmp upped their price target on Enova International from $182.00 to $195.00 and gave the company a “market outperform” rating in a research report on Friday, April 24th. Finally, BTIG Research reissued a “buy” rating and set a $199.00 price target on shares of Enova International in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, Enova International has a consensus rating of “Buy” and an average price target of $198.80.

Enova International Stock Up 1.0%

The business has a 50 day simple moving average of $160.84 and a 200 day simple moving average of $153.10. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. The stock has a market cap of $4.51 billion, a PE ratio of 14.67 and a beta of 1.28.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm had revenue of $875.14 million for the quarter, compared to the consensus estimate of $854.52 million. During the same quarter in the previous year, the company posted $2.98 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts forecast that Enova International, Inc. will post 15.37 EPS for the current fiscal year.

Insider Transactions at Enova International

In other news, CEO Steven E. Cunningham sold 7,852 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the completion of the sale, the chief executive officer owned 122,945 shares in the company, valued at approximately $21,576,847.50. This represents a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William M. Goodyear sold 5,983 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $163.13, for a total value of $976,006.79. Following the sale, the director owned 62,757 shares of the company’s stock, valued at approximately $10,237,549.41. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 50,322 shares of company stock worth $8,491,326. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

Large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Enova International during the 4th quarter worth about $31,000. McIlrath & Eck LLC bought a new stake in shares of Enova International during the 1st quarter worth about $34,000. Bessemer Group Inc. boosted its stake in Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 162 shares during the period. Farther Finance Advisors LLC boosted its stake in Enova International by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 350 shares during the period. Institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.