Stephens Begins Coverage on Enova International (NYSE:ENVA)

Stephens began coverage on shares of Enova International (NYSE:ENVA) in a research report report published on Wednesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $108.00 price objective on the credit services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. BTIG Research increased 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. JMP Securities upped their target price on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, TD Cowen upped their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

Enova International Trading Down 1.0 %

Shares of ENVA stock opened at $102.89 on Wednesday. Enova International has a 1-year low of $38.89 and a 1-year high of $106.51. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 16.41 and a beta of 1.42. The stock has a 50-day moving average of $86.06 and a 200-day moving average of $74.76.

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

Enova International declared that its board has authorized a stock buyback plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the transaction, the chief financial officer now owns 130,355 shares in the company, valued at approximately $11,670,683.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the sale, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 13,314 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the sale, the chief executive officer now directly owns 399,925 shares in the company, valued at approximately $40,688,369.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,843 shares of company stock worth $8,121,179. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of large investors have recently made changes to their positions in the stock. Smith Shellnut Wilson LLC ADV purchased a new position in Enova International during the second quarter valued at approximately $235,000. SG Americas Securities LLC bought a new position in shares of Enova International in the first quarter worth $223,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Enova International by 1.0% in 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. GAMMA Investing LLC boosted 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 valued at $53,000 after buying an additional 185 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in 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 buying an additional 636 shares during the period. 89.43% of the stock is owned by institutional investors.

Enova International Company Profile

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.