Maxim Group Boosts Enova International (NYSE:ENVA) Price Target to $78.00

Enova International (NYSE:ENVA) had its target price increased by Maxim Group from $70.00 to $78.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the credit services provider’s stock.

A number of other research analysts also recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Enova International from $60.00 to $62.00 and gave the company a market perform rating in a research report on Thursday. TheStreet downgraded shares of Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. JMP Securities increased their price objective on shares of Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of Enova International from $70.00 to $75.00 and gave the company a buy rating in a research report on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Enova International from a buy rating to a hold rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $67.60.

Enova International Trading Up 1.2 %

Shares of NYSE ENVA opened at $63.23 on Thursday. The firm’s 50 day moving average price is $61.66 and its 200-day moving average price is $53.82. The company has a market cap of $1.71 billion, a PE ratio of 11.37 and a beta of 1.55. Enova International has a 52-week low of $35.30 and a 52-week high of $65.00. The company has a debt-to-equity ratio of 2.64, a quick ratio of 10.27 and a current ratio of 13.15.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. The firm had revenue of $583.59 million for the quarter, compared to the consensus estimate of $587.34 million. Enova International had a net margin of 7.69% and a return on equity of 15.77%. On average, equities research analysts expect that Enova International will post 7.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Linda Johnson Rice sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the sale, the director now directly owns 9,182 shares of the company’s stock, valued at $570,385.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,938 shares of company stock worth $1,799,557. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Hedge funds and other institutional investors have recently modified their holdings of the company. Headinvest LLC purchased a new stake in shares of Enova International in the third quarter worth $28,000. GAMMA Investing LLC purchased a new stake in shares of Enova International in the fourth quarter worth $37,000. Counterpoint Mutual Funds LLC purchased a new position in Enova International during the third quarter valued at $117,000. Handelsbanken Fonder AB purchased a new position in Enova International during the fourth quarter valued at $216,000. Finally, Quantbot Technologies LP grew its stake in Enova International by 75.1% during the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock valued at $524,000 after acquiring an additional 4,417 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.