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

Enova International, Inc. (NYSE:ENVA) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $67.60.

ENVA has been the topic of several recent research reports. 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. Maxim Group lifted their price objective on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JMP Securities raised their target price on Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 24th. BMO Capital Markets raised their target price on Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd.

Insider Activity at Enova International

In related news, insider Kirk Chartier sold 41,303 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total value of $2,484,788.48. Following the transaction, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Steven E. Cunningham sold 30,590 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.00, for a total value of $1,927,170.00. Following the completion of the sale, the chief financial officer now directly owns 141,713 shares in the company, valued at approximately $8,927,919. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total value of $2,484,788.48. Following the completion of the sale, the insider now owns 117,422 shares of the company’s stock, valued at $7,064,107.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,643 shares of company stock valued at $7,660,043. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently bought and sold shares of ENVA. Headinvest LLC purchased a new position in shares of Enova International during the third quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in Enova International in the fourth quarter worth about $37,000. J.Safra Asset Management Corp lifted its stake in Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 424 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Enova International during the first quarter valued at approximately $223,000. Finally, Lazard Asset Management LLC raised its stake in shares of Enova International by 21.1% during the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Price Performance

NYSE:ENVA opened at $59.97 on Wednesday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.79 and a beta of 1.45. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 2.64. Enova International has a 12-month low of $35.30 and a 12-month high of $65.00. The stock’s 50 day moving average price is $61.46 and its two-hundred day moving average price is $57.30.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.18. The firm had revenue of $609.89 million for the quarter, compared to analyst estimates of $578.73 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. On average, analysts anticipate that Enova International will post 7.32 earnings per share for the current year.

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.