Enova International, Inc. (NYSE:ENVA) Given Consensus Recommendation of “Buy” by Brokerages

Enova International, Inc. (NYSE:ENVA) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $198.80.

Several equities analysts have recently commented on ENVA shares. Maxim Group upped their price objective on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Citizens Jmp upped their price objective on shares of Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. TD Cowen upped their price objective on shares of Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, BTIG Research restated a “buy” rating and issued a $199.00 price objective on shares of Enova International in a report on Thursday, April 23rd.

Enova International Stock Performance

Shares of Enova International stock opened at $175.11 on Friday. Enova International has a 52 week low of $89.00 and a 52 week high of $176.68. The business’s fifty day simple moving average is $147.68 and its 200-day simple moving average is $145.66. The firm has a market cap of $4.36 billion, a PE ratio of 14.18 and a beta of 1.32. 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 (NYSE:ENVA) last announced its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, beating the consensus estimate of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The business had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. During the same quarter in the prior year, the company posted $2.98 EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis. Equities analysts forecast that Enova International will post 15.37 earnings per share for the current year.

Insider Activity

In related news, CEO Steven E. Cunningham sold 7,852 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer owned 122,945 shares of the company’s stock, valued at approximately $21,576,847.50. This represents a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David Fisher sold 7,143 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $149.49, for a total value of $1,067,807.07. Following the transaction, the chairman directly owned 326,444 shares in the company, valued at approximately $48,800,113.56. The trade was a 2.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after buying an additional 451 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Enova International by 3.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock worth $8,450,000 after buying an additional 2,351 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in Enova International by 19.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock worth $2,703,000 after buying an additional 3,299 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Enova International by 63.2% during the 1st quarter. Emerald Advisers LLC now owns 3,507 shares of the credit services provider’s stock worth $476,000 after buying an additional 1,358 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in Enova International during the 1st quarter worth approximately $407,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.