Enova International (NYSE:ENVA) PT Raised to $78.00 at Maxim Group

Enova International (NYSE:ENVA) had its price objective hoisted by stock analysts at Maxim Group from $70.00 to $78.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Maxim Group’s price objective indicates a potential upside of 23.36% from the company’s current price.

Other analysts have also issued reports about the stock. Jefferies Financial Group upped their price target on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. StockNews.com lowered shares of Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered shares of Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. JMP Securities upped their price target on shares of Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.60.

Enova International Trading Up 1.2 %

Enova International stock opened at $63.23 on Thursday. The company has a quick ratio of 10.27, a current ratio of 9.37 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average price of $61.66 and a two-hundred day moving average price of $53.79. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.37 and a beta of 1.55. Enova International has a 52-week low of $35.30 and a 52-week high of $65.00.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Enova International had a net margin of 7.69% and a return on equity of 15.77%. Sell-side analysts expect that Enova International will post 7.39 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total value of $310,600.00. Following the sale, the director now directly owns 9,182 shares in the company, valued at approximately $570,385.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Sean Rahilly sold 6,043 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $60.00, for a total transaction of $362,580.00. Following the sale, the general counsel now owns 101,949 shares in the company, valued at $6,116,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the sale, the director now owns 9,182 shares in the company, valued at approximately $570,385.84. The disclosure for this sale can be found here. Insiders have sold 30,938 shares of company stock worth $1,799,557 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of large investors have recently made changes to their positions in the company. Headinvest LLC acquired a new stake in shares of Enova International during the third quarter valued at approximately $28,000. GAMMA Investing LLC acquired a new position in Enova International in the 4th quarter valued at approximately $37,000. New York State Common Retirement Fund increased its stake in Enova International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after buying an additional 2,203 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Enova International in the 3rd quarter valued at approximately $117,000. Finally, Denali Advisors LLC increased its stake in Enova International by 3.3% in the 3rd quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

About Enova International

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.