Enova International, Inc. (ENVA) – What Are Analysts Saying About This Stock?

Enova International, Inc. (NYSE:ENVA) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $230.83.

Several research firms recently issued reports on ENVA. Stephens decreased their target price on shares of Enova International from $275.00 to $205.00 and set an “overweight” rating for the company in a research note on Thursday, September 17th. Jefferies Financial Group lowered their price target on shares of Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a report on Tuesday, September 15th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, BTIG Research upped their price objective 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.

Insider Activity at Enova International

In related news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 39,319 shares of company stock worth $8,185,473. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of Enova International by 26.7% during the 1st quarter. California State Teachers Retirement System now owns 29,411 shares of the credit services provider’s stock worth $3,995,000 after buying an additional 6,205 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Enova International during the 2nd quarter valued at approximately $1,464,000. Tieton Capital Management LLC purchased a new position in shares of Enova International during the 2nd quarter valued at approximately $26,577,000. Amundi lifted its position in shares of Enova International by 66.6% during the 2nd 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 in the last quarter. Finally, CX Institutional grew its stake in Enova International by 157.5% in the 3rd quarter. CX Institutional now owns 36,153 shares of the credit services provider’s stock valued at $6,042,000 after acquiring an additional 22,113 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Down 0.1%

Shares of NYSE:ENVA opened at $177.88 on Wednesday. Enova International has a 12-month low of $103.02 and a 12-month high of $267.45. The company has a market capitalization of $4.43 billion, a PE ratio of 13.19 and a beta of 1.28. The business has a 50 day moving average of $217.08 and a two-hundred day moving average of $196.71. 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 released its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping the consensus estimate of $3.99 by $0.32. The business 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 business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 EPS. As a group, analysts forecast that Enova International will post 16.33 EPS for the current year.

About Enova International

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.