JMP Securities Boosts Enova International (NYSE:ENVA) Price Target to $103.00

Enova International (NYSE:ENVA) had its price objective upped by JMP Securities from $93.00 to $103.00 in a research report released on Monday, Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

Other equities analysts have also issued reports about the company. TD Cowen boosted their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered Enova International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. BTIG Research started coverage on Enova International in a research note on Wednesday, August 14th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Enova International Trading Up 3.0 %

Enova International stock opened at $88.95 on Monday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The business’s 50-day simple moving average is $82.00 and its 200-day simple moving average is $70.49. The firm has a market capitalization of $2.51 billion, a PE ratio of 16.00 and a beta of 1.43. Enova International has a 52 week low of $35.30 and a 52 week high of $89.36.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. Equities research analysts forecast that Enova International will post 7.74 earnings per share for the current year.

Enova International declared that its Board of Directors has approved a stock repurchase program on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Enova International

In other news, General Counsel Sean Rahilly sold 10,158 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at $8,294,570.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Enova International news, General Counsel Sean Rahilly sold 10,158 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.36, for a total transaction of $826,454.88. Following the transaction, the general counsel now owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven E. Cunningham sold 23,867 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.54, for a total value of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares in the company, valued at approximately $10,883,225.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,725 shares of company stock valued at $4,690,053 in the last three months. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 32,779 shares in the last quarter. Smith Shellnut Wilson LLC ADV bought a new position in shares of Enova International in the 2nd quarter worth $235,000. SG Americas Securities LLC bought a new position in shares of Enova International in the 1st quarter worth $223,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds 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.