Enova International (NYSE:ENVA) Reaches New 1-Year High - Here's Why

Enova International, Inc. (NYSE:ENVA - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.67 and last traded at $88.97, with a volume of 163362 shares trading hands. The stock had previously closed at $86.17.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Enova International from a "hold" rating to a "buy" rating in a research report on Monday. TD Cowen raised their target price on Enova International from $70.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Janney Montgomery Scott lowered Enova International from a "buy" rating to a "neutral" rating in a report on Monday, August 26th. JMP Securities raised their target price on Enova International from $93.00 to $103.00 and gave the company a "market outperform" rating in a report on Monday, October 14th. Finally, BTIG Research began coverage on Enova International in a report on Wednesday, August 14th. They set a "buy" rating and a $90.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.67.

Enova International Stock Up 4.4 %

The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The business has a 50 day moving average price of $82.82 and a 200 day moving average price of $71.26. The firm has a market capitalization of $2.54 billion, a P/E ratio of 16.19 and a beta of 1.43.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, analysts predict that Enova International, Inc. will post 7.74 earnings per share for the current year.

Enova International declared that its board has approved a share repurchase program 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 purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at Enova International

In other Enova International news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the sale, the chief financial officer now directly owns 133,471 shares of the company's stock, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 10,158 shares of the business's 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 completion of the transaction, the general counsel now directly owns 101,949 shares in the company, valued at $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 have sold 56,725 shares of company stock worth $4,690,053 over the last three months. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Enova International

A number of large investors have recently bought and sold shares of ENVA. GAMMA Investing LLC boosted its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider's stock valued at $53,000 after buying an additional 185 shares during the last quarter. J.Safra Asset Management Corp raised its stake in shares of Enova International by 83.8% in the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider's stock valued at $58,000 after purchasing an additional 424 shares during the period. USA Financial Formulas acquired a new stake in shares of Enova International in the 3rd quarter valued at about $76,000. SG Americas Securities LLC bought a new position in shares of Enova International in the 1st quarter valued at about $223,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 636 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors.

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.