Enova International (NYSE:ENVA) Reaches New 52-Week High Following Strong Earnings

Enova International, Inc. (NYSE:ENVA)’s share price reached a new 52-week high on Wednesday following a stronger than expected earnings report. The stock traded as high as $117.39 and last traded at $113.76, with a volume of 11259 shares trading hands. The stock had previously closed at $112.94.

The credit services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.08. Enova International had a return on equity of 18.41% and a net margin of 7.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Cowen lifted their price target on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities upped their price objective on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a research report on Wednesday. BTIG Research lifted their price objective on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stephens raised their price target on shares of Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.57.

Insider Transactions at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the sale, the chief executive officer now directly owns 369,905 shares in the company, valued at $39,058,268.95. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Institutional investors have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new position in shares of Enova International during the third quarter worth about $76,000. GAMMA Investing LLC raised its stake in shares of Enova International by 24.6% during the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after purchasing an additional 210 shares during the period. Longboard Asset Management LP acquired a new position in shares of Enova International during the fourth quarter worth $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Enova International in the fourth quarter valued at $206,000. Finally, F M Investments LLC acquired a new stake in Enova International during the 3rd quarter valued at $242,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Enova International Price Performance

The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79. The stock has a market cap of $3.00 billion, a PE ratio of 18.23 and a beta of 1.49. The company’s 50 day moving average is $103.30 and its 200-day moving average is $91.98.

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.