Enova International, Inc. (NYSE:ENVA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $88.33.

A number of analysts recently issued reports on the stock. JMP Securities increased their price target on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. TD Cowen raised their target price on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. BTIG Research upped their price target on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

Enova International Price Performance

NYSE:ENVA opened at $87.49 on Friday. The firm’s fifty day moving average is $83.58 and its two-hundred day moving average is $72.58. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 13.95 and a beta of 1.43. Enova International has a one year low of $38.89 and a one year high of $96.01. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The firm had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same period last year, the company earned $1.33 earnings per share. Enova International’s revenue for the quarter was up 25.1% compared to the same quarter last year. Research analysts expect that Enova International will post 8.04 EPS for the current year.

Enova International announced that its board has initiated a share buyback program on Monday, August 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the transaction, the chief executive officer now directly owns 423,239 shares in the company, valued at approximately $35,323,526.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Kirk Chartier sold 17,644 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the transaction, the insider now owns 117,422 shares of the company’s stock, valued at approximately $10,192,229.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the transaction, the chief executive officer now owns 423,239 shares in the company, valued at $35,323,526.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,074 shares of company stock worth $6,546,277 over the last three months. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 185 shares during the last quarter. USA Financial Formulas purchased a new stake in Enova International in the 3rd quarter valued at about $76,000. J.Safra Asset Management Corp boosted its stake in Enova International by 83.8% during the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after buying an additional 424 shares during the period. F M Investments LLC acquired a new stake in shares of Enova International during the third quarter valued at about $242,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Enova International in the 1st quarter valued at approximately $223,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.