Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Enova International, Inc. (NYSE:ENVA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $91.14.

ENVA has been the subject of a number of recent analyst reports. BTIG Research increased their target price on shares of 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 target price on shares of Enova International from $85.00 to $96.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded shares of Enova International from a "buy" rating to a "neutral" rating in a research report on Monday, August 26th. StockNews.com raised shares of Enova International from a "hold" rating to a "buy" rating in a research report on Monday, October 21st. Finally, Stephens started coverage on Enova International in a report on Wednesday, November 13th. They set an "overweight" rating and a $108.00 price target on the stock.

Enova International Price Performance

ENVA traded down $0.41 on Wednesday, hitting $99.87. 161,828 shares of the stock were exchanged, compared to its average volume of 232,297. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 16.00 and a beta of 1.42. Enova International has a 12 month low of $39.92 and a 12 month high of $106.51. The business has a 50-day moving average of $87.91 and a two-hundred day moving average of $75.96.

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

Enova International declared that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO David Fisher sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the sale, the chief executive officer now directly owns 413,239 shares of the company's stock, valued at $34,898,033.55. This trade represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kirk Chartier sold 17,644 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the transaction, the insider now directly owns 117,422 shares in the company, valued at $10,192,229.60. The trade was a 13.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,843 shares of company stock worth $7,286,579 in the last quarter. 7.80% of the stock is owned by company insiders.

Institutional Trading of Enova International

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider's stock worth $53,000 after purchasing an additional 185 shares during the period. J.Safra Asset Management Corp boosted its holdings in shares of 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 purchasing an additional 233 shares during the period. USA Financial Formulas purchased a new stake in shares of Enova International during the third quarter worth about $76,000. SG Americas Securities LLC purchased a new stake in shares of Enova International during the first quarter worth about $223,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Enova International by 21.1% during the first 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. Hedge funds and other institutional investors own 89.43% of the company's stock.

About Enova International

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.