Enova International (NYSE:ENVA) Hits New 52-Week High – Here’s What Happened

Shares of Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during trading on Wednesday . The company traded as high as $113.29 and last traded at $112.80, with a volume of 238024 shares changing hands. The stock had previously closed at $109.76.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities boosted their price target on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. Stephens initiated coverage on Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective on the stock. BTIG Research boosted their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.14.

Enova International Stock Up 1.4 %

The business’s 50 day simple moving average is $102.69 and its 200 day simple moving average is $90.69. 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 firm has a market capitalization of $2.98 billion, a PE ratio of 18.12 and a beta of 1.48.

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the transaction, the chief executive officer now directly owns 369,905 shares of the company’s stock, valued at $39,058,268.95. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 33,314 shares of company stock worth $3,465,166. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several institutional investors have recently made changes to their positions in ENVA. USA Financial Formulas bought a new position in Enova International during the 3rd quarter valued at about $76,000. GAMMA Investing LLC grew its stake in shares of Enova International by 24.6% during 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 during the last quarter. Longboard Asset Management LP purchased a new stake in shares of Enova International in the fourth quarter worth approximately $202,000. Crossmark Global Holdings Inc. bought a new stake in shares of Enova International during the 4th quarter worth approximately $206,000. Finally, F M Investments LLC purchased a new position in Enova International during the 3rd quarter valued at $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.