Enova International, Inc. (NYSE:ENVA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $228.00.

Several equities research analysts have recently weighed in on the stock. Maxim Group increased their target price on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. BTIG Research increased their target price on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, TD Cowen upped their price objective on Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 24th.

Enova International Stock Down 0.1%

Shares of NYSE ENVA opened at $234.87 on Monday. The stock has a market cap of $5.85 billion, a PE ratio of 19.02 and a beta of 1.21. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45. Enova International has a 52-week low of $99.61 and a 52-week high of $246.38. The business has a 50-day moving average price of $182.84 and a 200 day moving average price of $162.25.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. The company had revenue of $875.14 million during the quarter, compared to analysts’ expectations of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.98 earnings per share. Equities research analysts forecast that Enova International will post 15.37 earnings per share for the current year.

Insider Activity at Enova International

In other Enova International news, Director Mark Tebbe sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the transaction, the director directly owned 50,029 shares of the company’s stock, valued at $10,074,339.73. This trade represents a 28.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Goodyear sold 6,231 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $166.08, for a total transaction of $1,034,844.48. Following the sale, the director owned 68,740 shares of the company’s stock, valued at approximately $11,416,339.20. The trade was a 8.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 106,882 shares of company stock valued at $19,757,389. 8.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently made changes to their positions in ENVA. Farther Finance Advisors LLC grew its stake in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Enova International by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock valued at $2,706,000 after acquiring an additional 105 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares during the period. FNY Investment Advisers LLC bought a new stake in Enova International during the fourth quarter worth approximately $31,000. Finally, Kendall Capital Management raised its holdings in Enova International by 3.9% during the fourth quarter. Kendall Capital Management now owns 5,625 shares of the credit services provider’s stock worth $884,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.