BTIG Research Issues Positive Forecast for Enova International (NYSE:ENVA) Stock Price

Enova International (NYSE:ENVA) had its target price upped by investment analysts at BTIG Research from $122.00 to $129.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price target would indicate a potential upside of 14.02% from the company’s current price.

ENVA has been the subject of a number of other reports. JMP Securities upped their price target on shares of Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Stephens began coverage on Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price for the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, TD Cowen upped their price target on 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.57.

Enova International Stock Performance

Enova International stock opened at $113.14 on Wednesday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 18.04 and a beta of 1.49. Enova International has a 12 month low of $53.17 and a 12 month high of $115.07. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The stock’s 50-day moving average is $103.30 and its 200-day moving average is $91.98.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.19% and a return on equity of 18.41%. Equities analysts anticipate that Enova International will post 7.98 earnings per share for the current year.

Insider Activity

In related news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 owns 369,905 shares in the company, valued at $39,058,268.95. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently modified their holdings of ENVA. USA Financial Formulas bought a new position in Enova International in the 3rd quarter worth approximately $76,000. GAMMA Investing LLC boosted its position in Enova International by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after acquiring an additional 210 shares during the period. Longboard Asset Management LP bought a new position in shares of Enova International in the fourth quarter worth $202,000. Crossmark Global Holdings Inc. acquired a new position in shares of Enova International during the fourth quarter valued at $206,000. Finally, F M Investments LLC bought a new stake in shares of Enova International during the third quarter valued at about $242,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.