Enova International, Inc. (NYSE:ENVA) Stock Has Consensus Target Price of $239.00

Enova International, Inc. (NYSE:ENVA) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research 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 covered the stock in the last year is $239.00.

A number of equities research analysts have recently issued reports on the stock. Stephens boosted their price target on shares of Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. TD Cowen raised their price objective on shares of Enova International from $220.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Citizens Jmp lifted their price objective on shares of Enova International from $215.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group cut their target price on shares of Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th.

Insiders Place Their Bets

In related news, General Counsel Sean Rahilly sold 10,000 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $183.26, for a total transaction of $1,832,600.00. Following the transaction, the general counsel directly owned 104,249 shares of the company’s stock, valued at approximately $19,104,671.74. The trade was a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kirk Chartier sold 27,977 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $171.51, for a total value of $4,798,335.27. Following the completion of the sale, the insider directly owned 76,995 shares of the company’s stock, valued at approximately $13,205,412.45. This represents a 26.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,758 shares of company stock valued at $21,490,436 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its stake in shares of Enova International by 3.1% during the second quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider’s stock worth $404,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC raised its holdings in shares of Enova International by 2.2% in the third quarter. GAMMA Investing LLC now owns 2,962 shares of the credit services provider’s stock valued at $495,000 after purchasing an additional 65 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Enova International by 2.9% during the third quarter. Kestra Advisory Services LLC now owns 2,902 shares of the credit services provider’s stock worth $485,000 after acquiring an additional 83 shares in the last quarter. Kendall Capital Management raised its stake in Enova International by 0.7% in the third quarter. Kendall Capital Management now owns 13,035 shares of the credit services provider’s stock valued at $2,178,000 after buying an additional 85 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings 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 valued at $458,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Down 4.1%

NYSE:ENVA opened at $173.70 on Friday. The stock has a fifty day simple moving average of $187.61 and a 200 day simple moving average of $184.11. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 12.07 and a beta of 1.36. Enova International has a 1-year low of $119.02 and a 1-year high of $267.45. The company has a quick ratio of 18.91, a current ratio of 18.92 and a debt-to-equity ratio of 3.43.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.42 by $0.06. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company earned $3.36 EPS. The business’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 16.32 earnings per share for the current year.

Enova International Company Profile

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.