Enova International (NYSE:ENVA – Get Free Report) had its price objective decreased by Citizens Jmp from $270.00 to $215.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s target price points to a potential downside of 5.18% from the company’s previous close.
Several other research firms have also issued reports on ENVA. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a research note on Tuesday. BTIG Research lifted their target price on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Finally, TD Cowen raised their target price on Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, Enova International presently has an average rating of “Buy” and an average target price of $238.67.
Read Our Latest Report on Enova International
Enova International Trading Up 1.5%
Enova International (NYSE:ENVA – Get Free Report) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32. The business had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.23 EPS. On average, analysts expect that Enova International will post 16.3 EPS for the current year.
Insider Buying and Selling
In related news, Chairman David Fisher sold 9,078 shares of Enova International stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $239.16, for a total transaction of $2,171,094.48. Following the completion of the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at $73,289,147.04. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Tebbe sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $201.37, for a total value of $4,027,400.00. Following the completion of the sale, the director owned 50,029 shares of the company’s stock, valued at $10,074,339.73. This represents a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,629 shares of company stock valued at $15,094,986. 8.40% of the stock is currently owned by insiders.
Institutional Trading of Enova International
A number of institutional investors and hedge funds have recently modified their holdings of the stock. HB Wealth Management LLC grew its stake in 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 acquiring an additional 51 shares during the period. GAMMA Investing LLC grew its position in shares of Enova International by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock valued at $697,000 after purchasing an additional 73 shares during the period. Sequoia Financial Advisors LLC increased its stake in Enova International by 4.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider’s stock worth $458,000 after purchasing an additional 86 shares in the last quarter. Pacer Advisors Inc. increased its stake in Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Enova International by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider’s stock worth $883,000 after buying an additional 181 shares during the period. 89.43% of the stock is owned by institutional investors.
Key Headlines Impacting Enova International
Here are the key news stories impacting Enova International this week:
- Positive Sentiment: Enova reaffirmed its 2026 earnings outlook and plans to accelerate share repurchases, which could support earnings per share and shareholder returns. Enova Withdraws Bank Regulatory Applications
- Positive Sentiment: Third-quarter EPS guidance of approximately $4.37 is slightly above the consensus estimate of $4.34. The company’s prior quarterly results also showed strong momentum, with revenue up 21.6% year over year and EPS exceeding expectations.
- Neutral Sentiment: Enova said the withdrawal is related to the regulatory applications for the Grasshopper transaction, while maintaining its broader financial outlook. Full-year 2026 EPS guidance of $16.85-$17.50 brackets the current consensus estimate of $17.02, and revenue guidance of $3.8 billion-$3.9 billion reaches the $3.9 billion consensus. Enova Reaffirms Earnings Guidance
- Negative Sentiment: Withdrawing the applications effectively halts the current regulatory process for the proposed Grasshopper Bancorp acquisition. Investors may view this as a setback to Enova’s plans to expand through a bank platform and as evidence that the transaction faced regulatory or execution hurdles. Enova Shares Fall as Applications Are Withdrawn
Enova International Company Profile
Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.
Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.
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