Enova International (NYSE:ENVA) PT Raised to $110.00

Enova International (NYSE:ENVA) had its price target hoisted by BTIG Research from $90.00 to $110.00 in a research note issued to investors on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the credit services provider’s stock.

ENVA has been the subject of a number of other reports. JMP Securities upped their price target on shares of Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a report on Monday, October 14th. TD Cowen increased their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Enova International Stock Down 3.2 %

Shares of NYSE:ENVA opened at $85.57 on Wednesday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 13.65 and a beta of 1.43. The stock’s 50-day moving average price is $83.16 and its 200-day moving average price is $71.66. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International has a 12-month low of $36.01 and a 12-month high of $96.01.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.14. The business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. Enova International’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. On average, equities analysts anticipate that Enova International will post 7.74 earnings per share for the current year.

Enova International declared that its board has initiated a share buyback program on Monday, August 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the completion of the transaction, the director now owns 7,486 shares in the company, valued at $660,938.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the sale, the chief executive officer now owns 423,239 shares in the company, valued at approximately $35,323,526.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the completion of the sale, the director now directly owns 7,486 shares in the company, valued at $660,938.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $1,917,483 over the last three months. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 32,779 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Enova International by 11.3% in the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after acquiring an additional 15,519 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Enova International during the third quarter valued at $772,000. Smith Shellnut Wilson LLC ADV purchased a new position in shares of Enova International in the 2nd quarter worth about $235,000. Finally, Summit Global Investments boosted its stake in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.