Enova International (NYSE:ENVA) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Enova International from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Maxim Group set a $40.00 target price on shares of Enova International and gave the company a buy rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $33.00.

Shares of NYSE:ENVA traded down $0.46 during midday trading on Wednesday, hitting $20.34. The stock had a trading volume of 179,100 shares, compared to its average volume of 262,785. Enova International has a 12 month low of $17.85 and a 12 month high of $31.95. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt-to-equity ratio of 1.93. The business’s 50-day simple moving average is $21.73 and its 200-day simple moving average is $23.44. The company has a market cap of $707.20 million, a P/E ratio of 8.77 and a beta of 2.42.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, July 25th. The credit services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. Enova International had a net margin of 7.09% and a return on equity of 24.84%. The business had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $281.54 million. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Enova International will post 3.32 earnings per share for the current year.

In other Enova International news, CEO David Fisher sold 17,924 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.11, for a total transaction of $450,071.64. Following the completion of the sale, the chief executive officer now owns 409,499 shares of the company’s stock, valued at approximately $10,282,519.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 35,884 shares of company stock valued at $899,906 in the last ninety days. Insiders own 7.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in Enova International during the 2nd quarter valued at $27,000. Campbell & CO Investment Adviser LLC lifted its holdings in Enova International by 18.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,305 shares of the credit services provider’s stock valued at $235,000 after purchasing an additional 1,789 shares during the last quarter. First Quadrant L P CA lifted its holdings in Enova International by 123.2% during the 2nd quarter. First Quadrant L P CA now owns 13,760 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 7,595 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Enova International by 13.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,365 shares of the credit services provider’s stock valued at $469,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Zebra Capital Management LLC lifted its holdings in Enova International by 156.9% during the 2nd quarter. Zebra Capital Management LLC now owns 23,658 shares of the credit services provider’s stock valued at $545,000 after purchasing an additional 14,450 shares during the last quarter. 93.92% of the stock is owned by institutional investors and hedge funds.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.

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