Enova International, Inc. (NYSE:ENVA) Receives $79.00 Average PT from Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $79.00.

Several equities analysts have issued reports on the company. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. JMP Securities raised their price target on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. TD Cowen boosted their price objective on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, BTIG Research started coverage on shares of Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock.

Enova International Trading Down 0.4 %

ENVA opened at $83.45 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. Enova International has a one year low of $35.30 and a one year high of $88.42. The company has a market cap of $2.35 billion, a P/E ratio of 15.01 and a beta of 1.43. The business’s 50-day simple moving average is $81.22 and its 200-day simple moving average is $69.24.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The company had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. As a group, equities research analysts expect that Enova International will post 7.79 EPS for the current fiscal year.

Enova International announced that its board has approved a stock buyback program on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Enova International

In other news, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Enova International news, Director Linda Johnson Rice sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total transaction of $238,383.00. Following the sale, the director now directly owns 7,486 shares in the company, valued at approximately $660,938.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the transaction, the chief executive officer now owns 413,239 shares of the company’s stock, valued at $34,898,033.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,725 shares of company stock worth $4,690,053 over the last 90 days. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors have recently bought and sold shares of ENVA. GAMMA Investing LLC increased its stake in shares of Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. J.Safra Asset Management Corp increased its position in Enova International by 83.8% during the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after buying an additional 424 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Enova International in the first quarter worth $223,000. Lazard Asset Management LLC lifted its position in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 636 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Enova International in the second quarter valued at $235,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.