Stephens Initiates Coverage on Enova International (NYSE:ENVA)

Investment analysts at Stephens began coverage on shares of Enova International (NYSE:ENVA) in a research report issued on Wednesday, MarketBeat reports. The brokerage set an “overweight” rating and a $108.00 price target on the credit services provider’s stock. Stephens’ price objective suggests a potential upside of 7.00% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. TD Cowen upped their price target on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities increased their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research lifted their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Enova International Price Performance

Enova International stock opened at $100.93 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. Enova International has a one year low of $38.89 and a one year high of $106.51. The company has a market cap of $2.65 billion, a P/E ratio of 16.41 and a beta of 1.42. The business has a fifty day moving average of $86.06 and a two-hundred day moving average of $74.76.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $666.33 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis. As a group, analysts predict that Enova International will post 8.04 earnings per share for the current fiscal year.

Enova International announced that its board has approved a stock buyback program on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the sale, the chief executive officer now directly owns 413,239 shares of the company’s stock, valued at $34,898,033.55. The trade was a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven E. Cunningham sold 2,455 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total value of $220,336.25. Following the sale, the chief financial officer now owns 127,900 shares of the company’s stock, valued at approximately $11,479,025. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,843 shares of company stock valued at $8,121,179. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 424 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Enova International in the 3rd quarter valued at $76,000. SG Americas Securities LLC acquired a new position in shares of Enova International during the 1st quarter valued at $223,000. Finally, Lazard Asset Management LLC boosted its position in Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 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.