Enova International (NYSE:ENVA) Sets New 1-Year High on Analyst Upgrade

by · The Cerbat Gem

Shares of Enova International, Inc. (NYSE:ENVA – Get Free Report) reached a new 52-week high on Monday after BTIG Research raised their price target on the stock from $144.00 to $199.00. BTIG Research currently has a buy rating on the stock. Enova International traded as high as $164.42 and last traded at $164.1960, with a volume of 587813 shares. The stock had previously closed at $157.92.

ENVA has been the subject of several other reports. Citizens Jmp boosted their price objective on Enova International from $149.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday. Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. JMP Securities raised their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $136.50.

Get Our Latest Stock Analysis on Enova International

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the sale, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at $15,415,683.30. The trade was a 10.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Fisher sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $124.25, for a total value of $745,500.00. Following the completion of the transaction, the chief executive officer owned 348,223 shares of the company’s stock, valued at $43,266,707.75. The trade was a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,874 shares of company stock worth $8,426,042 over the last quarter. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new stake in shares of Enova International during the 3rd quarter worth about $28,000. Bessemer Group Inc. boosted its holdings in shares of Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 162 shares during the period. Strs Ohio acquired a new position in shares of Enova International in the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its stake in shares of Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 350 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Enova International in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Trading Up 1.5%

The business has a fifty day simple moving average of $123.47 and a 200 day simple moving average of $114.94. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 15.15 and a beta of 1.31. The company has a debt-to-equity ratio of 3.20, a quick ratio of 19.29 and a current ratio of 19.29.

Enova International (NYSE:ENVA – Get Free Report) last announced its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.03 by $0.33. The firm had revenue of $460.71 million for the quarter, compared to analyst estimates of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.45 EPS. As a group, research analysts expect that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International declared that its board has approved a share buyback plan on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Enova International Company Profile

(Get Free Report)

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.

Featured Stories