Enova International, Inc. (NYSE:ENVA) Receives $111.00 Average PT from Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $111.00.

ENVA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Saturday, September 27th. Zacks Research downgraded Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th.

Insiders Place Their Bets

In other Enova International news, CAO James Joseph Lee sold 478 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total transaction of $50,481.58. Following the sale, the chief accounting officer directly owned 19,751 shares in the company, valued at approximately $2,085,903.11. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven E. Cunningham sold 26,310 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the sale, the chief financial officer owned 131,157 shares in the company, valued at approximately $13,865,918.04. The trade was a 16.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,788 shares of company stock worth $11,585,915. 8.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Enova International by 15,008.8% in the first quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider’s stock worth $16,121,000 after acquiring an additional 165,847 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Enova International by 0.8% in the second quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider’s stock worth $17,392,000 after acquiring an additional 1,276 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Enova International in the second quarter worth $11,152,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Enova International by 238.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock worth $7,650,000 after acquiring an additional 48,350 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Enova International by 151.5% in the second quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock worth $7,532,000 after acquiring an additional 40,681 shares during the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Stock Down 0.8%

Enova International stock opened at $113.42 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 18.15 and a quick ratio of 18.15. Enova International has a 1-year low of $79.41 and a 1-year high of $130.34. The company has a market cap of $2.84 billion, a PE ratio of 12.04 and a beta of 1.49. The stock’s 50 day moving average price is $114.34 and its 200 day moving average price is $104.55.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.23. Enova International had a return on equity of 23.33% and a net margin of 8.75%.The firm had revenue of $764.04 million for the quarter, compared to the consensus estimate of $756.69 million. During the same period in the previous year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, sell-side analysts predict that Enova International will post 10.31 EPS for the current fiscal year.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.