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

Shares of Enova International, Inc. (NYSE:ENVA) have been assigned an average rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $247.8333.

A number of research analysts have recently commented on ENVA shares. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a research note on Friday, July 24th. BTIG Research raised their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Jefferies Financial Group upped their price target on shares of Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Zacks Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd.

Insider Transactions at Enova International

In related news, Director Mark Tebbe sold 20,000 shares of the stock in a transaction 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. This trade represents a 28.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Goodyear sold 3,500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the completion of the transaction, the director directly owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 75,129 shares of company stock worth $15,753,056 in the last ninety days. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Large investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of Enova International by 23,319.0% in the 2nd quarter. California State Teachers Retirement System now owns 6,887,767 shares of the credit services provider’s stock valued at $1,658,092,000 after purchasing an additional 6,858,356 shares in the last quarter. Geode Capital Management LLC increased its position in Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares in the last quarter. Amundi raised its holdings in Enova International by 66.6% in the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after buying an additional 83,002 shares during the period. Bank of New York Mellon Corp purchased a new position in Enova International in the second quarter valued at approximately $38,453,000. Finally, Tieton Capital Management LLC acquired a new position in Enova International during the second quarter valued at approximately $26,577,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Stock Performance

Enova International stock opened at $223.52 on Friday. The stock has a fifty day moving average price of $240.92 and a 200 day moving average price of $191.00. Enova International has a 52 week low of $103.02 and a 52 week high of $267.45. The firm has a market capitalization of $5.57 billion, a P/E ratio of 16.57 and a beta of 1.21. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 26.66% and a net margin of 10.31%.The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $3.23 EPS. Equities research analysts anticipate that Enova International will post 16.3 earnings per share for the current year.

About Enova International

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.