Enova International, Inc. (NYSE:ENVA) Given Consensus Rating of “Buy” by Brokerages
by Renee Jackson · The Cerbat GemEnova International, Inc. (NYSE:ENVA – Get Free Report) has been assigned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Five 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 brokers that have issued a report on the stock in the last year is $188.00.
ENVA has been the subject of several research analyst reports. Citizens Jmp upped their target price on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. BTIG Research reaffirmed a “buy” rating and set a $199.00 price objective on shares of Enova International in a research report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 15th.
Check Out Our Latest Report on Enova International
Enova International Stock Performance
Shares of NYSE ENVA opened at $135.00 on Friday. Enova International has a 12 month low of $79.41 and a 12 month high of $176.68. The company has a market cap of $3.38 billion, a P/E ratio of 11.66 and a beta of 1.24. The business’s 50 day moving average is $149.43 and its two-hundred day moving average is $137.28. The company has a quick ratio of 9.48, a current ratio of 9.48 and a debt-to-equity ratio of 3.37.
Enova International (NYSE:ENVA – Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.29. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.Enova International’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.61 earnings per share. On average, equities analysts expect that Enova International will post 10.31 EPS for the current year.
Insider Buying and Selling
In other Enova International news, Director Mark Tebbe sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $172.24, for a total value of $3,444,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven E. Cunningham sold 11,436 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $165.13, for a total value of $1,888,426.68. Following the sale, the chief executive officer owned 127,719 shares in the company, valued at approximately $21,090,238.47. This represents a 8.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 119,019 shares of company stock worth $19,748,101. 8.40% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Enova International
Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in shares of Enova International in the 4th quarter valued at $268,000. Marshall Wace LLP acquired a new stake in shares of Enova International during the 4th quarter valued at about $4,412,000. Arkadios Wealth Advisors boosted its position in shares of Enova International by 8.1% during the 4th quarter. Arkadios Wealth Advisors now owns 33,894 shares of the credit services provider’s stock valued at $5,328,000 after acquiring an additional 2,532 shares in the last quarter. Informed Momentum Co LLC bought a new stake in Enova International in the fourth quarter valued at about $6,243,000. Finally, J.Safra Asset Management Corp increased its stake in Enova International by 44.2% in the fourth quarter. J.Safra Asset Management Corp now owns 7,934 shares of the credit services provider’s stock valued at $1,247,000 after acquiring an additional 2,431 shares during the period. Institutional investors 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.