Enova International (NYSE:ENVA) Downgraded by Zacks Investment Research

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Enova International (NYSE:ENVA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “

Several other research firms have also recently commented on ENVA. JMP Securities increased their price target on Enova International from $38.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, March 30th. Stephens reaffirmed an “equal weight” rating and set a $44.00 target price (up previously from $32.00) on shares of Enova International in a research note on Monday, April 19th.

Shares of ENVA stock opened at $34.92 on Monday. Enova International has a twelve month low of $9.43 and a twelve month high of $41.06. The stock has a market cap of $1.28 billion, a P/E ratio of 10.49 and a beta of 1.80. The stock has a 50 day moving average of $34.77 and a 200 day moving average of $27.15. The company has a current ratio of 13.65, a quick ratio of 13.65 and a debt-to-equity ratio of 1.51.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, April 29th. The credit services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $1.05. Enova International had a net margin of 8.29% and a return on equity of 36.64%. On average, research analysts predict that Enova International will post 5.81 earnings per share for the current fiscal year.

In other news, Director James A. Gray sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $28.70, for a total value of $86,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James A. Gray sold 30,000 shares of the company’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $29.10, for a total transaction of $873,000.00. The disclosure for this sale can be found here. Insiders sold 71,004 shares of company stock worth $2,294,512 over the last quarter. 7.50% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ENVA. Vantage Consulting Group Inc purchased a new stake in shares of Enova International in the fourth quarter valued at approximately $31,000. Carolina Wealth Advisors LLC acquired a new position in Enova International during the first quarter worth about $67,000. SG Americas Securities LLC purchased a new stake in shares of Enova International in the fourth quarter valued at about $208,000. Crossmark Global Holdings Inc. purchased a new position in shares of Enova International during the 1st quarter worth approximately $232,000. Finally, Arizona State Retirement System acquired a new position in shares of Enova International during the 4th quarter worth approximately $255,000. Institutional investors own 75.56% of the company’s stock.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; income share agreements; 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.

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