Enova International (NYSE:ENVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enova International (NYSE:ENVA) from a buy rating to a strong-buy rating in a research note published on Saturday.

Other research analysts have also recently issued research reports about the company. Maxim Group set a $191.00 price objective on Enova International in a research note on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Citigroup restated an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research note on Thursday, January 22nd. Finally, Citizens Jmp increased their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, Enova International presently has an average rating of “Buy” and a consensus price target of $188.00.

Enova International Price Performance

Shares of NYSE ENVA opened at $138.79 on Friday. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $176.68. The company has a 50 day simple moving average of $153.84 and a two-hundred day simple moving average of $136.42. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 11.99 and a beta of 1.24. The company has a debt-to-equity ratio of 3.37, a quick ratio of 9.48 and a current ratio of 9.48.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.29. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $838.59 million. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $2.61 earnings per share. Analysts expect that Enova International will post 10.31 EPS for the current fiscal year.

Enova International declared that its board has initiated a stock repurchase plan on Wednesday, November 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Enova International

In other news, Director James A. Gray sold 19,999 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $172.04, for a total transaction of $3,440,627.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $172.24, for a total value of $3,444,800.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 134,019 shares of company stock worth $22,151,701. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors bought a new position in Enova International during the 4th quarter valued at about $268,000. Marshall Wace LLP bought a new stake in shares of Enova International in the fourth quarter worth approximately $4,412,000. Arkadios Wealth Advisors grew its stake in shares of Enova International by 8.1% in the fourth quarter. Arkadios Wealth Advisors now owns 33,894 shares of the credit services provider’s stock worth $5,328,000 after acquiring an additional 2,532 shares during the period. Informed Momentum Co LLC purchased a new position in shares of Enova International during the fourth quarter valued at approximately $6,243,000. Finally, J.Safra Asset Management Corp raised its holdings in shares of Enova International by 44.2% during the fourth quarter. J.Safra Asset Management Corp now owns 7,934 shares of the credit services provider’s stock valued at $1,247,000 after purchasing an additional 2,431 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.