Enova International Inc. (ENVA) Receives “Buy” Rating from JMP Securities
Enova International Inc. (NYSE:ENVA)‘s stock had its “buy” rating restated by JMP Securities in a research report issued to clients and investors on Monday.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Jefferies Group assumed coverage on Enova International in a report on Thursday, September 1st. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, FBR & Co raised their price objective on Enova International from $8.50 to $9.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.63.
Enova International (NYSE:ENVA) traded down 1.60% on Monday, hitting $9.25. 109,178 shares of the stock were exchanged. The firm has a market cap of $307.23 million, a PE ratio of 11.55 and a beta of 3.42. The stock’s 50 day moving average price is $9.49 and its 200 day moving average price is $8.01. Enova International has a 52-week low of $4.64 and a 52-week high of $13.66.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $165.80 million. Enova International had a net margin of 3.87% and a return on equity of 12.25%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Equities research analysts forecast that Enova International will post $0.93 earnings per share for the current year.
In related news, major shareholder Cash America International Inc sold 16,872 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $9.08, for a total value of $153,197.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Firstcash, Inc sold 26,124 shares of the business’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $9.47, for a total transaction of $247,394.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its stake 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 valued at $103,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC raised its stake in shares of Enova International by 1,123.6% in the second quarter. Acrospire Investment Management LLC now owns 18,268 shares of the company’s stock valued at $134,000 after buying an additional 16,775 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of Enova International during the second quarter valued at about $142,000. Rhumbline Advisers raised its stake in shares of Enova International by 8.2% in the second quarter. Rhumbline Advisers now owns 36,430 shares of the company’s stock valued at $268,000 after buying an additional 2,774 shares during the period. Finally, Teachers Advisors Inc. raised its stake in shares of Enova International by 29.4% in the second quarter. Teachers Advisors Inc. now owns 49,107 shares of the company’s stock valued at $361,000 after buying an additional 11,147 shares during the period. Hedge funds and other 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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