Stephens Initiates Coverage on Enova International (NYSE:ENVA)

Analysts at Stephens assumed coverage on shares of Enova International (NYSE:ENVA - Get Free Report) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set an "overweight" rating and a $108.00 price target on the credit services provider's stock. Stephens' price target suggests a potential upside of 4.97% from the company's current price.

Several other equities research analysts have also recently weighed in on ENVA. TD Cowen boosted their price target 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. JMP Securities raised their price target on Enova International from $103.00 to $109.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott cut shares of Enova International from a "buy" rating to a "neutral" rating in a research note on Monday, August 26th. BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Enova International from a "hold" rating to a "buy" rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Enova International presently has an average rating of "Moderate Buy" and an average price target of $91.14.

Enova International Stock Performance

Shares of Enova International stock traded down $1.01 on Wednesday, hitting $102.89. 198,490 shares of the company's stock were exchanged, compared to its average volume of 234,092. 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 stock has a market capitalization of $2.70 billion, a PE ratio of 16.74 and a beta of 1.42. Enova International has a 1 year low of $38.89 and a 1 year high of $106.51. The company has a 50-day simple moving average of $85.64 and a 200-day simple moving average of $74.56.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million for the quarter, compared to analysts' expectations 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 period in the previous year, the firm earned $1.33 EPS. As a group, equities analysts anticipate that Enova International will post 8.04 EPS for the current year.

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

Insider Buying and Selling at Enova International

In related news, CEO David Fisher sold 13,314 shares of Enova International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $101.74, for a total value of $1,354,566.36. Following the completion of the sale, the chief executive officer now owns 399,925 shares in the company, valued at approximately $40,688,369.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Steven E. Cunningham sold 2,455 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $89.75, for a total transaction of $220,336.25. Following the completion of the transaction, the chief financial officer now owns 127,900 shares in the company, valued at approximately $11,479,025. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Fisher sold 13,314 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the completion of the transaction, the chief executive officer now directly owns 399,925 shares in the company, valued at $40,688,369.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,843 shares of company stock valued at $8,121,179 over the last 90 days. 7.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently added to or reduced their stakes in ENVA. GAMMA Investing LLC lifted its position in 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 buying an additional 185 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Enova International by 1.0% during 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 during the last quarter. J.Safra Asset Management Corp raised its position in 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 valued at $72,000 after acquiring an additional 233 shares in the last quarter. Lazard Asset Management LLC grew its position in Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider's stock worth $228,000 after acquiring an additional 636 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Enova International during the 3rd quarter valued at $76,000. 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.