Enova International (NYSE:ENVA) Sets New 52-Week High – Here’s Why

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $261.60 and last traded at $258.1620, with a volume of 12996 shares trading hands. The stock had previously closed at $254.14.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Stephens increased their price objective on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Citigroup reissued a “market outperform” rating on shares of Enova International in a research report on Friday, July 24th. Citizens Jmp boosted their target price on Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, June 26th. Finally, BTIG Research upped their target price on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $247.83.

Enova International Trading Down 0.2%

The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The company has a 50 day simple moving average of $214.46 and a two-hundred day simple moving average of $174.14. The firm has a market cap of $6.43 billion, a PE ratio of 19.13 and a beta of 1.22.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm had revenue of $928.93 million during the quarter, compared to analysts’ expectations of $909.61 million. During the same period last year, the business posted $3.23 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Analysts expect that Enova International, Inc. will post 16.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director William M. Goodyear sold 6,231 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $166.08, for a total value of $1,034,844.48. Following the sale, the director directly owned 68,740 shares of the company’s stock, valued at $11,416,339.20. This represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David Fisher sold 33,060 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at $60,997,678.20. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 99,030 shares of company stock worth $18,379,363. 8.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legato Capital Management LLC acquired a new stake in Enova International during the 4th quarter worth about $1,851,000. Geode Capital Management LLC raised its stake in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after buying an additional 18,258 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Enova International by 19.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock valued at $2,703,000 after buying an additional 3,299 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Enova International by 3.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock valued at $8,450,000 after buying an additional 2,351 shares during the period. Finally, AdvisorShares Investments LLC purchased a new stake in shares of Enova International in the first quarter worth about $407,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Company Profile

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.