Enova International (NYSE:ENVA) Shares Up 4.8% After Analyst Upgrade

Enova International, Inc. (NYSE:ENVA)’s stock price traded up 4.8% during trading on Monday after TD Cowen raised their price target on the stock from $220.00 to $224.00. TD Cowen currently has a buy rating on the stock. Enova International traded as high as $170.89 and last traded at $173.0580. Approximately 15,391 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 322,128 shares. The stock had previously closed at $165.07.

A number of other research firms have also recently commented on ENVA. Jefferies Financial Group lowered their price target on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. BTIG Research upped their price objective on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Citizens Jmp raised their price objective on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a research note on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a research note on Friday. Finally, Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and a consensus target price of $235.67.

Insider Activity

In related news, Chairman David Fisher sold 20,750 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the sale, the chairman directly owned 306,444 shares in the company, valued at $54,620,578.56. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 39,319 shares of company stock worth $8,185,473 in the last ninety days. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in ENVA. USA Financial Formulas bought a new stake in shares of Enova International in the 3rd quarter valued at $30,000. Integrated Wealth Concepts LLC bought a new position in Enova International during the second quarter worth $52,000. McIlrath & Eck LLC bought a new position in Enova International during the first quarter worth $34,000. Pacer Advisors Inc. grew its holdings in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Enova International by 1,503.3% in the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 451 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Enova International Trading Up 4.9%

The company has a quick ratio of 18.91, a current ratio of 18.92 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $4.24 billion, a P/E ratio of 11.94 and a beta of 1.28. The firm’s 50 day simple moving average is $200.48 and its two-hundred day simple moving average is $199.55.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $3.36 EPS. Enova International’s quarterly revenue was up 25.7% on a year-over-year basis. As a group, analysts forecast that Enova International, Inc. will post 16.33 earnings per share for the current fiscal year.

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.