Jefferies Financial Group Issues Pessimistic Forecast for Enova International (NYSE:ENVA) Stock Price

Enova International (NYSE:ENVA) had its price objective cut by equities researchers at Jefferies Financial Group from $300.00 to $275.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 50.44% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on ENVA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. Stephens cut their target price on shares of Enova International from $275.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, September 17th. Citizens Jmp dropped their price objective on Enova International from $270.00 to $215.00 and set a “market outperform” rating for the company in a research report on Tuesday, September 15th. TD Cowen cut their price target on Enova International from $257.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, September 15th. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Enova International currently has an average rating of “Moderate Buy” and an average price target of $230.83.

Enova International Stock Performance

NYSE ENVA traded down $0.08 during trading hours on Wednesday, reaching $182.80. The stock had a trading volume of 160,962 shares, compared to its average volume of 321,125. The stock has a market cap of $4.55 billion, a P/E ratio of 13.56 and a beta of 1.28. Enova International has a 52-week low of $103.02 and a 52-week high of $267.45. The stock has a fifty day moving average of $221.26 and a 200 day moving average of $195.76. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42.

Enova International (NYSE:ENVA) last posted 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 firm had revenue of $928.93 million during 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 business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.23 EPS. Sell-side analysts predict that Enova International will post 16.33 earnings per share for the current year.

Insider Buying and Selling

In other Enova International news, Chairman David Fisher sold 20,750 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00. Following the completion of the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at $54,620,578.56. This trade represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 39,319 shares of company stock worth $8,185,473. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently modified their holdings of ENVA. HB Wealth Management LLC lifted 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 buying an additional 51 shares during the period. GAMMA Investing LLC boosted its stake in Enova International by 2.6% during 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 last quarter. Sequoia Financial Advisors LLC boosted its holdings 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 acquiring an additional 86 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Enova International by 5.2% in the second quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider’s stock valued at $883,000 after acquiring an additional 181 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

Enova International Company Profile

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.