Brokerages Set Enova International, Inc. (NYSE:ENVA) Price Target at $246.67

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $247.8333.

ENVA has been the subject of several research reports. Maxim Group boosted their price objective on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. BTIG Research boosted their price target on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Jefferies Financial Group increased their price objective on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th.

Enova International Stock Performance

ENVA stock opened at $254.74 on Friday. Enova International has a twelve month low of $99.61 and a twelve month high of $256.26. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 18.88 and a beta of 1.21. The business’s fifty day simple moving average is $208.54 and its two-hundred day simple moving average is $172.07. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The firm had revenue of $928.93 million for the quarter, compared to analysts’ expectations of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.23 earnings per share. Analysts predict that Enova International will post 16.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the completion of the sale, the director directly owned 50,820 shares in the company, valued at $9,555,176.40. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the sale, the director directly owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This trade represents a 28.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 99,030 shares of company stock worth $18,379,363. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC increased its holdings in Enova International by 2.6% during the second quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock valued at $697,000 after buying an additional 73 shares during the period. California State Teachers Retirement System raised its stake in Enova International by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after buying an additional 105 shares in the last quarter. Pacer Advisors Inc. raised its stake in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Enova International during the fourth quarter worth $31,000. 89.43% of the stock is currently owned by institutional investors.

Enova International Company Profile

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.