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

Enova International (NYSE:ENVA) had its price objective lowered by Maxim Group from $285.00 to $220.00 in a research report released on Monday,Benzinga reports. Maxim Group currently has a buy rating on the credit services provider’s stock.

Several other brokerages have also recently commented on ENVA. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Stephens upped their target price on Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Citizens Jmp increased their price target on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a research report on Friday, October 23rd. Finally, BTIG Research raised their price target on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.00.

Enova International Stock Up 5.1%

Shares of Enova International stock opened at $180.03 on Monday. The firm has a market cap of $4.40 billion, a PE ratio of 12.40 and a beta of 1.28. The business’s 50 day simple moving average is $195.78 and its 200 day simple moving average is $183.57. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. Enova International has a 52-week low of $117.66 and a 52-week high of $267.45.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The firm’s revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company earned $3.36 earnings per share. On average, analysts predict that Enova International will post 16.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $178.24, for a total transaction of $3,698,480.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 39,319 shares of company stock worth $8,185,473 in the last three months. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amundi lifted its position in shares of 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 buying an additional 83,002 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Enova International during the 2nd quarter worth approximately $38,453,000. Tieton Capital Management LLC acquired a new position in shares of Enova International during the 2nd quarter worth approximately $26,577,000. Alyeska Investment Group L.P. bought a new stake in Enova International in the 2nd quarter valued at $25,749,000. Finally, Assenagon Asset Management S.A. raised its stake in Enova International by 133.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider’s stock valued at $12,096,000 after acquiring an additional 41,378 shares during the period. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.