Enova International (NYSE:ENVA) Stock Gets Price Target Reduction from Jefferies Financial Group

Enova International (NYSE:ENVA) had its price target cut by Jefferies Financial Group from $300.00 to $275.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

Several other equities analysts have also weighed in on the company. Citizens Jmp reduced their price objective on Enova International from $270.00 to $215.00 and set a “market outperform” rating on the stock in a research note on Tuesday, September 15th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Citigroup restated a “market outperform” rating on shares of Enova International in a report on Tuesday, September 15th. TD Cowen reduced their price target on shares of Enova International from $257.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Finally, Stephens decreased their price objective on shares of Enova International from $275.00 to $205.00 and set an “overweight” rating for the company in a research note on Thursday, September 17th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.83.

Enova International Trading Down 2.6%

Shares of ENVA opened at $177.88 on Wednesday. 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 firm has a market capitalization of $4.43 billion, a P/E ratio of 13.19 and a beta of 1.28. The stock’s fifty day simple moving average is $217.08 and its 200 day simple moving average is $196.29. Enova International has a twelve month low of $103.02 and a twelve month high of $267.45.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating 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 return on equity of 26.66% and a net margin of 10.31%. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.23 earnings per share. On average, equities research analysts forecast that Enova International will post 16.33 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other news, Chairman David Fisher sold 20,750 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at approximately $54,620,578.56. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 39,319 shares of company stock valued at $8,185,473 over the last ninety days. 8.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi grew its position in Enova International by 66.6% in the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after acquiring an additional 83,002 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Enova International during the second quarter worth $38,453,000. Tieton Capital Management LLC acquired a new position in shares of Enova International during the second quarter worth $26,577,000. Alyeska Investment Group L.P. purchased a new position in shares of Enova International in the second quarter valued at $25,749,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Enova International by 2.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,020 shares of the credit services provider’s stock valued at $11,801,000 after purchasing an additional 1,316 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.