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

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

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

Enova International Stock Performance

NYSE ENVA opened at $87.49 on Friday. The business’s 50 day moving average price is $83.58 and its 200-day moving average price is $72.58. Enova International has a fifty-two week low of $38.89 and a fifty-two week high of $96.01. The company has a market cap of $2.29 billion, a P/E ratio of 13.95 and a beta of 1.43. 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 released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $666.33 million. During the same quarter last year, the business earned $1.33 EPS. The business’s revenue was up 25.1% on a year-over-year basis. Sell-side analysts predict that Enova International will post 8.04 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at approximately $35,323,526.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares in the company, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James Joseph Lee sold 615 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the transaction, the chief accounting officer now owns 20,646 shares in the company, valued at approximately $1,849,675.14. 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 ninety days, insiders sold 75,074 shares of company stock worth $6,546,277. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

A number of institutional investors have recently bought and sold shares of ENVA. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 185 shares during the period. J.Safra Asset Management Corp grew its stake in Enova International by 83.8% during the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 424 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Enova International in the third quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in shares of Enova International in the first quarter worth about $223,000. Finally, Lazard Asset Management LLC lifted its holdings 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 worth $228,000 after purchasing an additional 636 shares during the period. 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.