Enova International, Inc. (NYSE:ENVA) Receives $136.50 Average PT from Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $163.6667.

A number of brokerages have recently issued reports on ENVA. JMP Securities raised their price target on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. TD Cowen upped their price target on Enova International from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Enova International in a report on Thursday.

Enova International Stock Down 2.0%

NYSE ENVA opened at $161.48 on Monday. The business’s fifty day simple moving average is $143.20 and its 200-day simple moving average is $123.92. The company has a quick ratio of 19.29, a current ratio of 19.29 and a debt-to-equity ratio of 3.20. The firm has a market cap of $4.54 billion, a PE ratio of 14.84 and a beta of 1.27. Enova International has a 52 week low of $79.41 and a 52 week high of $168.68.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.33. The firm had revenue of $460.71 million during the quarter, compared to analysts’ expectations of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. Enova International’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business earned $2.45 earnings per share. As a group, equities analysts anticipate that Enova International will post 10.31 earnings per share for the current year.

Enova International announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Enova International news, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total value of $1,795,291.80. Following the sale, the chief financial officer owned 127,719 shares of the company’s stock, valued at $15,415,683.30. The trade was a 10.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Fisher sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total value of $2,403,600.00. Following the transaction, the chief executive officer owned 348,223 shares in the company, valued at $55,799,253.52. This trade represents a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,874 shares of company stock worth $5,680,052 over the last three months. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. boosted its holdings in Enova International by 0.8% during the 2nd quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider’s stock valued at $17,392,000 after acquiring an additional 1,276 shares during the period. SG Americas Securities LLC lifted its position in shares of Enova International by 2,933.1% during the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock worth $21,847,000 after purchasing an additional 134,393 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Enova International during the second quarter worth about $11,152,000. CX Institutional boosted its stake in shares of Enova International by 4.2% in the third quarter. CX Institutional now owns 70,352 shares of the credit services provider’s stock valued at $8,097,000 after purchasing an additional 2,814 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew 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 valued at $7,650,000 after purchasing an additional 48,350 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.