Enova International (NYSE:ENVA) Price Target Increased to $78.00 by Analysts at JMP Securities

Enova International (NYSE:ENVA) had its price objective boosted by JMP Securities from $73.00 to $78.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price indicates a potential upside of 21.27% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. BMO Capital Markets increased their price objective on shares of Enova International from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. TheStreet downgraded shares of Enova International from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.25.

Enova International Price Performance

Shares of ENVA stock opened at $64.32 on Wednesday. The company has a market capitalization of $1.77 billion, a P/E ratio of 11.74 and a beta of 1.55. The company’s 50-day simple moving average is $61.40 and its two-hundred day simple moving average is $53.57. Enova International has a one year low of $35.30 and a one year high of $64.86. The company has a debt-to-equity ratio of 2.37, a current ratio of 10.27 and a quick ratio of 10.27.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Enova International had a net margin of 8.27% and a return on equity of 15.84%. As a group, equities analysts anticipate that Enova International will post 7.39 EPS for the current year.

Insider Activity at Enova International

In other news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the transaction, the chief financial officer now owns 150,025 shares in the company, valued at approximately $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the transaction, the chief financial officer now owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Sean Rahilly sold 2,347 shares of Enova International stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.40, for a total value of $141,758.80. Following the completion of the sale, the general counsel now owns 107,992 shares in the company, valued at $6,522,716.80. The disclosure for this sale can be found here. Insiders sold a total of 30,938 shares of company stock worth $1,799,557 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC acquired a new stake in shares of Enova International in the third quarter valued at $117,000. Jackson Creek Investment Advisors LLC purchased a new position in Enova International in the third quarter worth approximately $928,000. Headinvest LLC purchased a new stake in Enova International during the 3rd quarter worth about $28,000. Denali Advisors LLC lifted its position in shares of Enova International by 3.3% during the 3rd quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock worth $4,455,000 after buying an additional 2,800 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in Enova International by 7.6% in the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock valued at $6,539,000 after acquiring an additional 9,125 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.