Enova International (NYSE:ENVA) Hits New 12-Month High – What’s Next?

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $204.06 and last traded at $203.00, with a volume of 523268 shares trading hands. The stock had previously closed at $202.55.

Analyst Ratings Changes

Several analysts recently issued reports on ENVA shares. BTIG Research reaffirmed a “buy” rating and set a $199.00 price objective on shares of Enova International in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research report on Tuesday, April 21st. Maxim Group upped their price target on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 27th. Citigroup reaffirmed an “outperform” rating on shares of Enova International in a research report on Friday, April 24th. Finally, Citizens Jmp lifted their price objective on Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Enova International has an average rating of “Buy” and an average target price of $198.80.

Enova International Stock Up 1.1%

The firm’s 50-day simple moving average is $168.71 and its 200-day simple moving average is $156.36. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 16.56 and a beta of 1.28.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.21. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The business had revenue of $875.14 million during the quarter, compared to analysts’ expectations of $854.52 million. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. Sell-side analysts forecast that Enova International, Inc. will post 15.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman David Fisher sold 3,076 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $158.45, for a total transaction of $487,392.20. Following the sale, the chairman directly owned 306,444 shares in the company, valued at approximately $48,556,051.80. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven E. Cunningham sold 7,852 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total value of $1,378,026.00. Following the completion of the transaction, the chief executive officer owned 122,945 shares of the company’s stock, valued at $21,576,847.50. The trade was a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,822 shares of company stock worth $9,149,396. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently bought and sold shares of ENVA. Farther Finance Advisors LLC grew its stake in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Enova International by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after buying an additional 105 shares in the last quarter. Pacer Advisors Inc. boosted its position in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after buying an additional 152 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Enova International in the 4th quarter valued at $31,000. Finally, Kendall Capital Management raised its position in shares of Enova International by 3.9% during the fourth quarter. Kendall Capital Management now owns 5,625 shares of the credit services provider’s stock worth $884,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.