Enova International, Inc. (NYSE:ENVA) Stock Has Consensus Price Target of $239.00

Enova International, Inc. (NYSE:ENVA) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $239.00.

A number of research firms recently issued reports on ENVA. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Stephens increased their price target on shares of Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Maxim Group decreased their price target on shares of Enova International from $285.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. TD Cowen raised their price target on shares of Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th.

Insider Transactions at Enova International

In other news, CEO Steven E. Cunningham sold 15,305 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $172.00, for a total transaction of $2,632,460.00. Following the transaction, the chief executive officer owned 118,789 shares of the company’s stock, valued at $20,431,708. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David Fisher sold 20,750 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $178.24, for a total value 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 represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,758 shares of company stock valued at $21,490,436 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENVA. HB Wealth Management LLC raised its position in Enova International by 3.1% in the 2nd quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $404,000 after buying an additional 51 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Enova International by 2.2% during the 3rd quarter. GAMMA Investing LLC now owns 2,962 shares of the credit services provider’s stock worth $495,000 after acquiring an additional 65 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Enova International by 2.9% in the third quarter. Kestra Advisory Services LLC now owns 2,902 shares of the credit services provider’s stock valued at $485,000 after purchasing an additional 83 shares during the last quarter. Kendall Capital Management raised its holdings in shares of Enova International by 0.7% in the third quarter. Kendall Capital Management now owns 13,035 shares of the credit services provider’s stock valued at $2,178,000 after purchasing an additional 85 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Enova International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider’s stock valued at $458,000 after purchasing an additional 86 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Stock Down 1.3%

ENVA opened at $172.00 on Friday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 11.85 and a beta of 1.36. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. The firm’s 50-day simple moving average is $186.30 and its 200-day simple moving average is $184.20. Enova International has a twelve month low of $119.02 and a twelve month high of $267.45.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.36 earnings per share. Equities research analysts anticipate that Enova International will post 16.32 EPS for the current fiscal year.

About Enova International

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.