Enova International (NYSE:ENVA) Price Target Raised to $220.00

Enova International (NYSE:ENVA) had its price target hoisted by Citizens Jmp from $215.00 to $220.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

Several other equities analysts have also commented on ENVA. TD Cowen decreased their target price on shares of Enova International from $257.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, September 15th. BTIG Research upped their price target on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Stephens increased their price target on shares of Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Enova International has an average rating of “Moderate Buy” and an average price target of $235.67.

Enova International Stock Down 0.0%

Shares of NYSE ENVA opened at $165.04 on Friday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 11.37 and a beta of 1.28. The stock’s fifty day moving average is $200.48 and its 200 day moving average is $199.55. Enova International has a 52 week low of $115.06 and a 52 week high of $267.45. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $3.36 earnings per share. Enova International’s revenue for the quarter was up 25.7% compared to the same quarter last year. Sell-side analysts forecast that Enova International will post 16.33 earnings per share for the current fiscal year.

Insider Transactions at Enova International

In other Enova International 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 39,319 shares of company stock valued at $8,185,473 in the last quarter. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC increased its stake in shares of Enova International by 3.1% in the second quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $404,000 after buying an additional 51 shares during the period. GAMMA Investing LLC raised its position in shares of Enova International by 2.2% during the third quarter. GAMMA Investing LLC now owns 2,962 shares of the credit services provider’s stock worth $495,000 after acquiring an additional 65 shares during the last quarter. Kendall Capital Management raised its position in shares of Enova International by 0.7% during the third quarter. Kendall Capital Management now owns 13,035 shares of the credit services provider’s stock worth $2,178,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Enova International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider’s stock worth $458,000 after acquiring an additional 86 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. TD Cowen increased its target to $224 and assigned a “buy” rating; Citizens JMP raised its target to $220 with a “market outperform” rating; and Stephens lifted its target to $225 with an “overweight” rating. These targets imply roughly 33%–36% potential upside from the referenced share price. TD Cowen recommendation
• Positive Sentiment: Third-quarter results exceeded expectations. Enova reported adjusted EPS of $4.48, above the $4.42 consensus estimate, while revenue reached approximately $1.01 billion versus expectations of $1 billion. Revenue rose 25.7% year over year, and adjusted EPS increased 33% from $3.36 a year earlier. Enova third-quarter results
• Positive Sentiment: Operating growth remained strong. Loan originations climbed 31%, the loan book reached a record level, and the quarter marked the first time quarterly revenue surpassed $1 billion. Management attributed the performance to broad strength across its online-lending portfolio. Enova surpasses $1 billion in quarterly revenue
• Negative Sentiment: The termination of the Grasshopper Bank deal may be weighing on sentiment. The ended bank charter transaction removes a potential strategic benefit and may have prompted investors to reassess Enova’s future banking strategy. Blue Tower analysis of Enova’s Grasshopper Bank deal

About Enova International

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.