Enova International, Inc. (NYSE:ENVA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Enova International, Inc. (NYSE:ENVA) have received a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $247.8333.

ENVA has been the topic of a number of recent analyst reports. Citigroup reissued a “market outperform” rating on shares of Enova International in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Citizens Jmp raised their target price on Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, June 26th. Stephens lifted their price target on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Wall Street Zen raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th.

Insider Buying and Selling

In related news, Director William M. Goodyear sold 5,983 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $163.13, for a total transaction of $976,006.79. Following the completion of the transaction, the director directly owned 62,757 shares in the company, valued at $10,237,549.41. This represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David Fisher sold 33,060 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the completion of the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $60,997,678.20. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,799 shares of company stock worth $13,880,919 in the last three months. 8.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in shares of Enova International during the 1st quarter valued at $34,000. Farther Finance Advisors LLC increased its holdings in Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 350 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 451 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors.

Enova International Trading Down 0.7%

ENVA opened at $263.64 on Tuesday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 19.54 and a beta of 1.22. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International has a twelve month low of $103.02 and a twelve month high of $267.45. The company has a 50-day simple moving average of $231.60 and a 200 day simple moving average of $180.63.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned $3.23 EPS. Analysts predict that Enova International will post 16.3 EPS for the current fiscal year.

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.