Enova International (NYSE:ENVA) Reaches New 12-Month High Following Analyst Upgrade

Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during trading on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $247.33 and last traded at $246.59, with a volume of 30659 shares changing hands. The stock had previously closed at $237.27.

A number of other analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Jefferies Financial Group raised their price target on shares of Enova International from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Stephens upped their price objective on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Enova International in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $247.83.

Insider Buying and Selling

In other news, Chairman David Fisher sold 33,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the sale, the chairman directly owned 306,444 shares in the company, valued at approximately $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven E. Cunningham sold 7,852 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 122,945 shares of the company’s stock, valued at approximately $21,576,847.50. This represents a 6.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,882 shares of company stock worth $19,757,389 over the last ninety days. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its holdings in Enova International by 17.5% during the second quarter. Handelsbanken Fonder AB now owns 7,400 shares of the credit services provider’s stock valued at $1,781,000 after acquiring an additional 1,100 shares during the period. GAMMA Investing LLC increased its stake in shares of Enova International by 2.6% in the second quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock worth $697,000 after purchasing an additional 73 shares during the period. Pacer Advisors Inc. lifted its position in shares of Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares during the last quarter. Parallel Advisors LLC boosted its stake in Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 451 shares during the period. Finally, McIlrath & Eck LLC bought a new stake in Enova International during the 1st quarter valued at approximately $34,000. 89.43% of the stock is currently owned by institutional investors.

Enova International Price Performance

The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. The stock has a fifty day simple moving average of $201.55 and a 200-day simple moving average of $169.61. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 18.40 and a beta of 1.21.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.35. The company had revenue of $928.93 million during the quarter, compared to analysts’ expectations of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.Enova International’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.23 earnings per share. As a group, equities research analysts expect that Enova International, Inc. will post 15.37 EPS for the current year.

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.