Wall Street Zen Downgrades Enova International (NYSE:ENVA) to Buy

Enova International (NYSE:ENVA) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

ENVA has been the subject of a number of other research reports. Citizens Jmp upped their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Citigroup restated an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and set a $199.00 price target on shares of Enova International in a research report on Wednesday, January 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $188.00.

Enova International Price Performance

Shares of NYSE:ENVA opened at $134.24 on Friday. The company has a market cap of $3.36 billion, a P/E ratio of 11.59 and a beta of 1.24. The business has a fifty day simple moving average of $151.53 and a 200-day simple moving average of $137.08. Enova International has a 52 week low of $79.41 and a 52 week high of $176.68. The company has a quick ratio of 9.48, a current ratio of 9.48 and a debt-to-equity ratio of 3.37.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.29. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $838.59 million. During the same period in the prior year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts forecast that Enova International will post 10.31 EPS for the current year.

Insider Activity at Enova International

In other news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $172.24, for a total transaction of $3,444,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Gray sold 19,999 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $172.04, for a total transaction of $3,440,627.96. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 119,019 shares of company stock valued at $19,748,101 over the last three months. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENVA. FNY Investment Advisers LLC purchased a new stake in Enova International during the fourth quarter worth approximately $31,000. Pacer Advisors Inc. purchased a new position in shares of Enova International in the 3rd quarter valued at $28,000. Bessemer Group Inc. lifted its holdings in shares of Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 162 shares in the last quarter. Strs Ohio acquired a new position in shares of Enova International during the 3rd quarter valued at $35,000. Finally, Farther Finance Advisors LLC boosted its position in Enova International by 26.9% during 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 during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

About Enova International

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.