Enova International (NYSE:ENVA) Price Target Raised to $270.00 at BTIG Research

Enova International (NYSE:ENVA) had its target price increased by equities research analysts at BTIG Research from $199.00 to $270.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price objective suggests a potential upside of 14.50% from the company’s previous close.

Other analysts also recently issued reports about the company. Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Friday. Stephens boosted their price objective on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Tuesday, April 21st. Maxim Group raised their target price on Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.00.

Enova International Trading Up 2.1%

ENVA opened at $235.81 on Tuesday. Enova International has a twelve month low of $99.61 and a twelve month high of $236.29. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45. The company has a fifty day moving average of $176.96 and a 200-day moving average of $159.94. The stock has a market cap of $5.87 billion, a PE ratio of 19.09 and a beta of 1.28.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.66 by $0.21. The business had revenue of $875.14 million during the quarter, compared to the consensus estimate of $854.52 million. Enova International had a net margin of 9.95% and a return on equity of 25.89%. Enova International’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.98 earnings per share. On average, sell-side analysts predict that Enova International will post 15.37 EPS for the current year.

Insider Activity at Enova International

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of Enova International stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 122,945 shares of the company’s stock, valued at approximately $21,576,847.50. The trade was a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Fisher sold 33,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the transaction, the chairman owned 306,444 shares in the company, valued at $60,997,678.20. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 106,882 shares of company stock valued at $19,757,389 in the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in Enova International during the 4th quarter worth approximately $31,000. McIlrath & Eck LLC bought a new position in Enova International in the first quarter worth approximately $34,000. Farther Finance Advisors LLC grew its stake in Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its stake in Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 350 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Enova International by 58.5% in 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. 89.43% of the stock is owned by institutional investors.

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.