Enova International (NYSE:ENVA) Sets New 52-Week High - Still a Buy?

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $88.96 and last traded at $88.89, with a volume of 48014 shares. The stock had previously closed at $86.38.

Wall Street Analyst Weigh In

ENVA has been the topic of a number of recent research reports. Janney Montgomery Scott downgraded shares of Enova International from a "buy" rating to a "neutral" rating in a report on Monday, August 26th. TD Cowen boosted their price target on shares of Enova International from $70.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. BTIG Research began coverage on shares of Enova International in a research note on Wednesday, August 14th. They set a "buy" rating and a $90.00 price objective for the company. JMP Securities lifted their target price on Enova International from $93.00 to $103.00 and gave the company a "market outperform" rating in a research report on Monday. Finally, StockNews.com lowered Enova International from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Enova International currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.67.

Enova International Stock Up 3.0 %

The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. The firm's 50 day moving average price is $82.00 and its two-hundred day moving average price is $70.49. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.00 and a beta of 1.43.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to analysts' expectations of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. Enova International's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. Sell-side analysts anticipate that Enova International, Inc. will post 7.74 earnings per share for the current fiscal year.

Enova International announced that its board has authorized a share repurchase plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Enova International

In related news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares of the company's stock, valued at approximately $35,323,526.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.46, for a total transaction of $834,600.00. Following the transaction, the chief executive officer now owns 423,239 shares in the company, valued at approximately $35,323,526.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the sale, the general counsel now directly owns 101,949 shares of the company's stock, valued at approximately $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,725 shares of company stock valued at $4,690,053 in the last quarter. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently modified their holdings of ENVA. BNP Paribas Financial Markets increased its stake in Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider's stock worth $3,253,000 after acquiring an additional 32,779 shares during the period. Foundry Partners LLC increased its position in shares of Enova International by 11.3% in the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider's stock worth $9,640,000 after purchasing an additional 15,519 shares during the period. SG Americas Securities LLC bought a new position in shares of Enova International in the third quarter worth $772,000. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International in the second quarter valued at about $235,000. Finally, Summit Global Investments lifted its position in Enova International by 7.5% during the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider's stock worth $1,585,000 after purchasing an additional 1,785 shares during the period. Institutional investors own 89.43% of the company's stock.

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.