Enova International (NYSE:ENVA) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

Several other brokerages have also weighed in on ENVA. Zacks Investment Research upgraded Enova International from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, July 31st. Maxim Group set a $40.00 target price on Enova International and gave the company a “buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Enova International presently has a consensus rating of “Buy” and a consensus price target of $35.33.

ENVA stock traded down $0.34 during trading on Tuesday, reaching $24.01. 187,387 shares of the stock were exchanged, compared to its average volume of 271,056. The company has a current ratio of 5.37, a quick ratio of 5.37 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $791.17 million, a price-to-earnings ratio of 10.35 and a beta of 2.45. The business has a 50 day moving average price of $24.80 and a 200-day moving average price of $24.02. Enova International has a 1 year low of $17.85 and a 1 year high of $32.35.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 25th. The credit services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The business had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $281.54 million. Enova International had a net margin of 7.09% and a return on equity of 24.84%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, research analysts anticipate that Enova International will post 3.32 EPS for the current year.

In other Enova International news, CEO David Fisher sold 12,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $25.00, for a total value of $300,000.00. Following the transaction, the chief executive officer now owns 427,423 shares of the company’s stock, valued at $10,685,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.10% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of ENVA. Meeder Asset Management Inc. purchased a new stake in Enova International in the second quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new stake in shares of Enova International in the 1st quarter valued at $210,000. BNP Paribas Arbitrage SA raised its holdings in shares of Enova International by 70.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,473 shares of the credit services provider’s stock valued at $307,000 after buying an additional 5,566 shares during the period. First Quadrant L P CA lifted its stake in Enova International by 123.2% during the 2nd quarter. First Quadrant L P CA now owns 13,760 shares of the credit services provider’s stock worth $317,000 after acquiring an additional 7,595 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new position in Enova International during the 1st quarter worth about $381,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.

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