Enova International (NYSE:ENVA) Reaches New 12-Month High – Should You Buy?

Enova International, Inc. (NYSE:ENVA) reached a new 52-week high during trading on Wednesday . The stock traded as high as $99.89 and last traded at $99.89, with a volume of 1061 shares trading hands. The stock had previously closed at $91.98.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENVA. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. JMP Securities increased their price objective on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 23rd. BTIG Research lifted their target price on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price target on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.33.

Enova International Stock Performance

The company has a market cap of $2.67 billion, a P/E ratio of 14.67 and a beta of 1.42. The stock’s 50-day moving average price is $83.89 and its 200-day moving average price is $73.20. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The company had revenue of $689.92 million during the quarter, compared to the consensus estimate of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. Equities analysts anticipate that Enova International, Inc. will post 8.04 EPS for the current year.

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

Insider Buying and Selling

In other news, CFO Steven E. Cunningham sold 29,158 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the transaction, the chief financial officer now directly owns 130,355 shares in the company, valued at approximately $11,670,683.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO James Joseph Lee sold 615 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total value of $55,097.85. Following the completion of the transaction, the chief accounting officer now owns 20,646 shares of the company’s stock, valued at $1,849,675.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven E. Cunningham sold 29,158 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the sale, the chief financial officer now owns 130,355 shares in the company, valued at $11,670,683.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,074 shares of company stock valued at $6,546,277 over the last quarter. 7.80% of the stock is owned by company insiders.

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently bought and sold shares of ENVA. GAMMA Investing LLC increased its stake in shares of Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after buying an additional 185 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in 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 buying an additional 200 shares during the last quarter. J.Safra Asset Management Corp raised its stake in Enova International by 25.1% during the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after buying an additional 233 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in 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 buying an additional 636 shares during the period. Finally, USA Financial Formulas bought a new stake in Enova International during the third quarter valued at $76,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.