Enova International (NYSE:ENVA) Hits New 52-Week High – Should You Buy?

Enova International, Inc. (NYSE:ENVA)’s share price hit a new 52-week high on Thursday . The company traded as high as $111.32 and last traded at $111.27, with a volume of 238185 shares changing hands. The stock had previously closed at $109.26.

Analysts Set New Price Targets

Several research firms recently weighed in on ENVA. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Stephens began coverage on shares of Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price for the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities upped their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research raised their price target on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Enova International currently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Enova International Trading Up 1.8 %

The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 17.75 and a beta of 1.48. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The company’s fifty day simple moving average is $101.39 and its two-hundred day simple moving average is $88.84.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Research analysts forecast that Enova International, Inc. will post 7.98 earnings per share for the current fiscal year.

Insider Activity

In other Enova International news, CFO Steven E. Cunningham sold 2,455 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total transaction of $220,336.25. Following the transaction, the chief financial officer now owns 127,900 shares of the company’s stock, valued at $11,479,025. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Fisher sold 13,314 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $101.74, for a total value of $1,354,566.36. Following the completion of the sale, the chief executive officer now owns 399,925 shares in the company, valued at approximately $40,688,369.50. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,843 shares of company stock worth $8,552,679 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Several hedge funds and other institutional investors have recently modified their holdings of ENVA. SG Americas Securities LLC acquired a new stake in Enova International in the 3rd quarter worth about $772,000. GAMMA Investing LLC boosted its stake in Enova International by 24.6% in the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after buying an additional 210 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Enova International during the 3rd quarter valued at approximately $76,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares in the last quarter. Finally, F M Investments LLC bought a new position in Enova International in the third quarter valued at about $242,000. Institutional investors own 89.43% of the company’s stock.

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.