Enova International (NYSE:ENVA) Hits New 12-Month High – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Enova International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Stephens boosted their price objective on Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. TD Cowen upped their target price on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Friday, July 24th. BTIG Research increased 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. One 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, Enova International has an average rating of “Buy” and an average target price of $247.83.

Enova International Stock Up 2.7%

The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. The firm has a market cap of $6.50 billion, a P/E ratio of 19.33 and a beta of 1.22. The stock’s 50-day simple moving average is $210.46 and its 200 day simple moving average is $172.74.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $909.61 million. During the same period last year, the business posted $3.23 EPS. The business’s revenue was up 21.6% compared to the same quarter last year. As a group, research analysts forecast that Enova International, Inc. will post 16.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Enova International news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total value of $4,027,400.00. Following the transaction, the director directly owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Goodyear sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total transaction of $658,070.00. Following the sale, the director directly owned 50,820 shares of the company’s stock, valued at approximately $9,555,176.40. This trade represents a 6.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 99,030 shares of company stock valued at $18,379,363 over the last 90 days. Company insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ENVA. Legato Capital Management LLC bought a new position in Enova International during the fourth quarter worth $1,851,000. Geode Capital Management LLC raised its holdings in shares of Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after purchasing an additional 18,258 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of Enova International by 19.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock worth $2,703,000 after purchasing an additional 3,299 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Enova International by 3.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock worth $8,450,000 after purchasing an additional 2,351 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Enova International in the 1st quarter valued at about $407,000. Institutional investors and hedge funds 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.