Enova International Inc. (ENVA) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
A number of other equities research analysts also recently weighed in on the company. FBR & Co raised their price target on Enova International from $8.50 to $9.00 and gave the company a market perform rating in a research report on Friday, July 29th. JMP Securities restated a buy rating on shares of Enova International in a research report on Thursday, June 23rd. Finally, Jefferies Group began coverage on Enova International in a research report on Thursday, September 1st. They set a buy rating and a $12.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Enova International presently has an average rating of Hold and an average target price of $9.63.
Shares of Enova International (NYSE:ENVA) opened at 9.79 on Wednesday. The company’s 50-day moving average price is $9.44 and its 200-day moving average price is $7.82. Enova International has a 12 month low of $4.64 and a 12 month high of $13.66. The company has a market cap of $325.17 million, a price-to-earnings ratio of 12.22 and a beta of 3.44.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Enova International had a return on equity of 12.25% and a net margin of 3.87%. The business had revenue of $172.50 million for the quarter, compared to the consensus estimate of $165.80 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts anticipate that Enova International will post $0.93 EPS for the current year.
In related news, major shareholder Csh Holdings Llc sold 15,766 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $9.21, for a total value of $145,204.86. Following the completion of the transaction, the insider now directly owns 5,945,092 shares in the company, valued at approximately $54,754,297.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cash America International Inc sold 18,597 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $9.90, for a total transaction of $184,110.30. Following the completion of the transaction, the insider now owns 424,912 shares of the company’s stock, valued at $4,206,628.80. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of Enova International during the second quarter worth $142,000. Arizona State Retirement System raised its position in shares of Enova International by 1.5% in the second quarter. Arizona State Retirement System now owns 13,964 shares of the company’s stock worth $103,000 after buying an additional 200 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Enova International by 11.3% in the second quarter. Parametric Portfolio Associates LLC now owns 252,691 shares of the company’s stock worth $1,860,000 after buying an additional 25,754 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Enova International by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 121,507 shares of the company’s stock worth $894,000 after buying an additional 1,610 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Enova International by 8.2% in the second quarter. Rhumbline Advisers now owns 36,430 shares of the company’s stock worth $268,000 after buying an additional 2,774 shares during the last quarter. Institutional investors own 63.74% of the company’s stock.
Enova International Company Profile
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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