Enova International (NYSE:ENVA) Now Covered by Analysts at Stephens

Stephens began coverage on shares of Enova International (NYSE:ENVA) in a report issued on Wednesday morning, MarketBeat reports. The firm issued an overweight rating and a $108.00 price objective on the credit services provider’s stock.

A number of other brokerages have also issued reports on ENVA. BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. TD Cowen lifted their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Finally, JMP Securities lifted 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 report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six 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 $91.14.

Enova International Trading Down 1.0 %

NYSE ENVA opened at $102.89 on Wednesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The company has a 50-day simple moving average of $86.06 and a 200-day simple moving average of $74.76. Enova International has a one year low of $38.89 and a one year high of $106.51. The firm has a market capitalization of $2.70 billion, a PE ratio of 16.41 and a beta of 1.42.

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

Enova International announced that its Board of Directors has initiated a share repurchase program on Monday, August 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of Enova International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the completion of the transaction, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at $11,670,683.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $2,610,515.74. Following the completion of the transaction, the chief financial officer now owns 130,355 shares of the company’s stock, valued at $11,670,683.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,843 shares of company stock valued at $8,121,179. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Enova International

Several large investors have recently bought and sold shares of ENVA. Foundry Partners LLC increased its holdings in shares of Enova International by 1.1% during the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after buying an additional 1,328 shares in the last quarter. BNP Paribas Financial Markets grew its position in Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after acquiring an additional 12,928 shares during the last quarter. Summit Global Investments increased its holdings in Enova International by 7.5% in the 2nd quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock worth $1,585,000 after purchasing an additional 1,785 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted 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 valued at $1,694,000 after purchasing an additional 200 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Enova International by 10.2% in the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after buying an additional 1,311 shares during the period. 89.43% 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 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.