Enova International (NYSE:ENVA) Reaches New 12-Month High Following Analyst Upgrade

Enova International, Inc. (NYSE:ENVA) reached a new 52-week high on Monday after Citizens Jmp raised their price target on the stock from $195.00 to $270.00. Citizens Jmp currently has a market outperform rating on the stock. Enova International traded as high as $231.22 and last traded at $232.7850, with a volume of 64315 shares trading hands. The stock had previously closed at $231.04.

ENVA has been the topic of a number of other research reports. TD Cowen boosted their target price on shares of Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Citigroup reissued an “outperform” rating on shares of Enova International in a research note on Friday. Maxim Group upped their price objective on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Enova International has a consensus rating of “Buy” and a consensus price target of $213.80.

Insider Buying and Selling

In other news, CEO Steven E. Cunningham sold 7,852 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the completion of the transaction, the chief executive officer directly owned 122,945 shares in the company, valued at $21,576,847.50. This trade represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of Enova International stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the completion of the transaction, the director directly owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 106,882 shares of company stock valued at $19,757,389. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently made changes to their positions in ENVA. Farther Finance Advisors LLC increased its position in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 64 shares in the last quarter. California State Teachers Retirement System raised its holdings in Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after acquiring an additional 105 shares during the last quarter. Pacer Advisors Inc. lifted its position in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Enova International in the 4th quarter valued at approximately $31,000. Finally, Kendall Capital Management boosted its stake in Enova International by 3.9% during the 4th quarter. Kendall Capital Management now owns 5,625 shares of the credit services provider’s stock valued at $884,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Trading Up 1.0%

The stock has a fifty day simple moving average of $175.37 and a 200 day simple moving average of $159.25. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42. The firm has a market cap of $5.81 billion, a P/E ratio of 18.87 and a beta of 1.28.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, beating the consensus estimate of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The company had revenue of $875.14 million for the quarter, compared to analysts’ expectations of $854.52 million. During the same period last year, the firm posted $2.98 earnings per share. Enova International’s revenue was up 17.4% compared to the same quarter last year. On average, research analysts expect that Enova International, Inc. will post 15.37 earnings per share for the current fiscal year.

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.