According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
Several other research analysts have also weighed in on ENVA. Jefferies Group assumed coverage on shares of Enova International in a research note on Thursday, September 1st. They issued a buy rating and a $12.00 price target on the stock. JMP Securities set a $11.50 price target on shares of Enova International and gave the company a market outperform rating in a research note on Tuesday, September 13th. Finally, FBR & Co reaffirmed a hold rating and issued a $8.50 price target on shares of Enova International in a research note on Tuesday, June 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $9.63.
Enova International (NYSE:ENVA) opened at 9.68 on Wednesday. The firm has a market capitalization of $321.51 million, a price-to-earnings ratio of 12.08 and a beta of 3.42. The company has a 50-day moving average of $9.46 and a 200-day moving average of $7.85. Enova International has a 1-year low of $4.64 and a 1-year high of $13.66.
Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. Enova International had a net margin of 3.87% and a return on equity of 12.25%. The business had revenue of $172.50 million for the quarter, compared to analyst estimates of $165.80 million. During the same quarter last year, the firm earned $0.33 EPS. Enova International’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts predict that Enova International will post $0.93 earnings per share for the current year.
In related news, major shareholder Firstcash, Inc sold 104,446 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $9.77, for a total transaction of $1,020,437.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Cash America International Inc sold 3,458 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $9.18, for a total transaction of $31,744.44. Following the transaction, the insider now owns 424,912 shares in the company, valued at $3,900,692.16. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Enova International by 1.5% in the second quarter. Arizona State Retirement System now owns 13,964 shares of the company’s stock worth $103,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Enova International by 1,123.6% in the second quarter. Acrospire Investment Management LLC now owns 18,268 shares of the company’s stock worth $134,000 after buying an additional 16,775 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Enova International during the second quarter worth $142,000. Rhumbline Advisers increased its position in Enova International by 8.2% in the second quarter. Rhumbline Advisers now owns 36,430 shares of the company’s stock valued at $268,000 after buying an additional 2,774 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in Enova International by 29.4% in the second quarter. Teachers Advisors Inc. now owns 49,107 shares of the company’s stock valued at $361,000 after buying an additional 11,147 shares in the last quarter. Institutional investors and hedge funds own 63.74% of the company’s stock.
About Enova International
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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