Enova International (NYSE:ENVA) Reaches New 12-Month High Following Analyst Upgrade

Shares of Enova International, Inc. (NYSE:ENVA) reached a new 52-week high during trading on Monday after Citizens Jmp raised their price target on the stock from $195.00 to $270.00. Citizens Jmp currently has a market outperform rating on the stock. Enova International traded as high as $231.22 and last traded at $232.7850, with a volume of 64315 shares. The stock had previously closed at $231.04.

Several other research firms also recently weighed in on ENVA. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research note on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and issued a $199.00 price objective on shares of Enova International in a report on Thursday, April 23rd. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. TD Cowen increased their target price on Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Citigroup restated an “outperform” rating on shares of Enova International in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Enova International has an average rating of “Buy” and a consensus target price of $213.80.

Insider Activity

In related news, Chairman David Fisher sold 33,060 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven E. Cunningham sold 7,852 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total value of $1,378,026.00. Following the transaction, the chief executive officer owned 122,945 shares in the company, valued at approximately $21,576,847.50. This represents a 6.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,882 shares of company stock worth $19,757,389 over the last ninety days. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Enova International

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in Enova International by 2,933.1% in the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock worth $21,847,000 after acquiring an additional 134,393 shares during the period. Informed Momentum Co LLC purchased a new position in Enova International during the 4th quarter valued at $6,243,000. Marshall Wace LLP bought a new position in Enova International in the 4th quarter worth $4,412,000. Geode Capital Management LLC raised its holdings in Enova International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Enova International in the 4th quarter worth about $1,851,000. 89.43% of the stock is currently owned by institutional investors.

Enova International Price Performance

The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. The business’s 50 day moving average price is $175.37 and its two-hundred day moving average price is $159.25. The stock has a market cap of $5.81 billion, a P/E ratio of 18.87 and a beta of 1.28.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.66 by $0.21. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The business had revenue of $875.14 million during the quarter, compared to analyst estimates of $854.52 million. During the same period last year, the business posted $2.98 earnings per share. Enova International’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts expect that Enova International, Inc. will post 15.37 earnings per share for the current fiscal year.

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.