Enova International (NYSE:ENVA) PT Raised to $103.00

Enova International (NYSE:ENVA) had its target price upped by investment analysts at JMP Securities from $93.00 to $103.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ price target would indicate a potential upside of 19.14% from the stock’s current price.

Several other research firms also recently weighed in on ENVA. TD Cowen raised their price objective on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. StockNews.com lowered Enova International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, BTIG Research started coverage on Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Enova International Trading Up 0.8 %

NYSE ENVA opened at $86.45 on Monday. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International has a twelve month low of $35.30 and a twelve month high of $88.42. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 15.55 and a beta of 1.43. The business’s fifty day moving average is $81.73 and its 200 day moving average is $70.36.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The company had revenue of $628.44 million for the quarter, compared to the consensus estimate of $622.92 million. During the same quarter last year, the business posted $1.57 EPS. Enova International’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, sell-side analysts expect that Enova International will post 7.74 EPS for the current fiscal year.

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

Insider Transactions at Enova International

In other news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the completion of the transaction, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,725 shares of company stock valued at $4,690,053. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ENVA. GAMMA Investing LLC increased its position in Enova International by 27.6% in the 2nd 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Enova International by 1.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after buying an additional 200 shares in the last quarter. J.Safra Asset Management Corp increased its position in Enova International by 25.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after buying an additional 233 shares in the last quarter. Lazard Asset Management LLC increased its position in Enova International by 21.1% in the 1st 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 in the last quarter. Finally, USA Financial Formulas bought a new stake in Enova International in the 3rd quarter valued at about $76,000. 89.43% of the stock is owned by institutional investors.

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.