Enova International (NYSE:ENVA) Reaches New 12-Month High at $64.86

Enova International, Inc. (NYSE:ENVA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $64.86 and last traded at $64.32, with a volume of 403222 shares traded. The stock had previously closed at $61.23.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ENVA. Maxim Group increased their price objective on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their price target on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. JMP Securities upped their price objective on shares of Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Enova International Stock Down 1.8 %

The stock has a 50 day moving average price of $61.59 and a 200-day moving average price of $53.70. The stock has a market capitalization of $1.72 billion, a P/E ratio of 11.23 and a beta of 1.55. The company has a debt-to-equity ratio of 2.37, a current ratio of 10.27 and a quick ratio of 10.27.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. The firm had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Enova International had a return on equity of 15.45% and a net margin of 7.69%. As a group, research analysts expect that Enova International, Inc. will post 7.39 EPS for the current fiscal year.

Insider Activity at Enova International

In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of Enova International stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.40, for a total value of $141,758.80. Following the completion of the sale, the general counsel now owns 107,992 shares of the company’s stock, valued at approximately $6,522,716.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.40, for a total transaction of $141,758.80. Following the transaction, the general counsel now owns 107,992 shares in the company, valued at approximately $6,522,716.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,938 shares of company stock valued at $1,799,557. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in the stock. Headinvest LLC purchased a new stake in shares of Enova International during the 3rd quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in shares of Enova International in the fourth quarter worth approximately $37,000. Counterpoint Mutual Funds LLC bought a new stake in Enova International during the third quarter valued at approximately $117,000. Handelsbanken Fonder AB purchased a new stake in Enova International during the fourth quarter valued at approximately $216,000. Finally, Quantbot Technologies LP raised its position in Enova International by 75.1% in the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after acquiring an additional 4,417 shares during the period. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.