StockNews.com Lowers Enova International (NYSE:ENVA) to Hold

Enova International (NYSE:ENVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts have also recently issued reports about the company. JMP Securities raised their price objective on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price objective on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet cut Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets lifted their price target on Enova International from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.25.

Enova International Price Performance

Shares of ENVA traded down $0.78 during trading hours on Wednesday, reaching $63.54. 358,132 shares of the company’s stock traded hands, compared to its average volume of 260,854. The stock has a market cap of $1.75 billion, a PE ratio of 11.59 and a beta of 1.55. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. The firm’s 50 day simple moving average is $61.53 and its 200-day simple moving average is $53.64. Enova International has a 12 month low of $35.30 and a 12 month high of $65.00.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. Enova International had a return on equity of 15.84% and a net margin of 8.27%. Equities analysts expect that Enova International will post 7.39 EPS for the current year.

Insiders Place Their Bets

In other Enova International news, 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 value of $984,618.28. Following the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total transaction of $310,600.00. Following the sale, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The disclosure for this sale can be found here. Insiders have sold 30,938 shares of company stock valued at $1,799,557 in the last ninety days. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several hedge funds have recently made changes to their positions in the company. Headinvest LLC bought a new stake in Enova International in the third quarter worth $28,000. GAMMA Investing LLC bought a new stake in Enova International in the fourth quarter worth $37,000. Counterpoint Mutual Funds LLC bought a new stake in Enova International in the third quarter worth $117,000. Handelsbanken Fonder AB bought a new stake in Enova International in the fourth quarter worth $216,000. Finally, Quantbot Technologies LP boosted its holdings 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 in the last quarter. 89.43% of the stock is currently owned by 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.