Enova International (NYSE:ENVA) Now Covered by Stephens

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

ENVA has been the subject of several other reports. TD Cowen increased their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” 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 report on Monday, August 26th. BTIG Research raised their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, JMP Securities increased their target price 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.14.

Enova International Trading Down 0.4 %

Shares of ENVA stock opened at $100.51 on Wednesday. Enova International has a 12 month low of $38.89 and a 12 month high of $106.51. The business’s 50 day moving average is $86.47 and its two-hundred day moving average is $74.94. 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 has a market cap of $2.63 billion, a PE ratio of 16.03 and a beta of 1.42.

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, beating 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 company had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period last year, the business posted $1.33 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. Equities analysts predict that Enova International will post 8.04 EPS for the current year.

Enova International declared that its Board of Directors has approved a share repurchase 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 buy up to 12.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Enova International

In related news, insider Kirk Chartier sold 17,644 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the sale, the insider now directly owns 117,422 shares in the company, valued at $10,192,229.60. This represents a 13.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the transaction, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. The trade was a 18.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,843 shares of company stock valued at $8,121,179. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Foundry Partners LLC increased its position in Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after buying an additional 12,928 shares in the last quarter. Summit Global Investments boosted its position in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after buying an additional 1,785 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after buying an additional 200 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after acquiring an additional 1,311 shares during the last quarter. 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.