Enova International (NYSE:ENVA) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Enova International (NYSE:ENVA) from a strong-buy rating to a buy rating in a research report released on Saturday.

A number of other brokerages have also issued reports on ENVA. Zacks Research raised Enova International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Citizens Jmp boosted their price objective on shares of Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, June 26th. BTIG Research increased their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Stephens increased their price objective on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, Enova International presently has a consensus rating of “Buy” and an average price target of $247.83.

Enova International Stock Performance

Shares of ENVA opened at $247.71 on Friday. The firm has a market cap of $6.17 billion, a P/E ratio of 18.36 and a beta of 1.22. Enova International has a twelve month low of $103.02 and a twelve month high of $267.45. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The firm’s 50 day moving average price is $237.95 and its two-hundred day moving average price is $183.62.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.23 earnings per share. On average, analysts forecast that Enova International will post 16.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark Tebbe sold 20,000 shares of Enova International stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the sale, the director owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Goodyear sold 5,983 shares of Enova International stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $163.13, for a total transaction of $976,006.79. Following the completion of the sale, the director owned 62,757 shares of the company’s stock, valued at $10,237,549.41. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,543 shares of company stock worth $12,242,070 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Large investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in Enova International by 23,319.0% in the second quarter. California State Teachers Retirement System now owns 6,887,767 shares of the credit services provider’s stock valued at $1,658,092,000 after buying an additional 6,858,356 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after purchasing an additional 18,258 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Enova International during the 2nd quarter valued at approximately $38,453,000. Tieton Capital Management LLC acquired a new position in Enova International during the 2nd quarter worth approximately $26,577,000. Finally, Alyeska Investment Group L.P. acquired a new position in Enova International during the 2nd quarter worth approximately $25,749,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.