Enova International, Inc. (NYSE:ENVA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Enova International, Inc. (NYSE:ENVA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $88.33.

Several analysts recently weighed in on ENVA shares. JMP Securities boosted their price objective on Enova International from $103.00 to $109.00 and gave the company a "market outperform" rating in a report on Wednesday. BTIG Research boosted their price objective on Enova International from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday. TD Cowen boosted their price objective on Enova International from $85.00 to $96.00 and gave the company a "hold" rating in a report on Wednesday. Janney Montgomery Scott lowered Enova International from a "buy" rating to a "neutral" rating in a report on Monday, August 26th. Finally, StockNews.com raised Enova International from a "hold" rating to a "buy" rating in a report on Monday, October 21st.

Insider Transactions at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Enova International news, CEO David Fisher sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the completion of the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at $35,323,526.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 2,700 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the completion of the sale, the director now owns 7,486 shares of the company's stock, valued at $660,938.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,700 shares of company stock worth $1,917,483. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Enova International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider's stock valued at $53,000 after acquiring an additional 185 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in 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 purchasing an additional 200 shares during the period. J.Safra Asset Management Corp raised its stake in Enova International by 25.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider's stock valued at $72,000 after purchasing an additional 233 shares during the period. Lazard Asset Management LLC increased its stake in shares of 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 during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Enova International in the third quarter worth $76,000. Institutional investors and hedge funds own 89.43% of the company's stock.

Enova International Stock Down 3.2 %

Shares of NYSE:ENVA traded down $2.79 during trading on Friday, hitting $85.57. The company's stock had a trading volume of 233,257 shares, compared to its average volume of 233,219. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. Enova International has a fifty-two week low of $36.01 and a fifty-two week high of $96.01. The stock's 50-day moving average price is $83.16 and its two-hundred day moving average price is $71.66. The company has a market capitalization of $2.41 billion, a PE ratio of 15.39 and a beta of 1.43.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.14. The firm had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 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 25.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. As a group, sell-side analysts expect that Enova International will post 7.74 EPS for the current year.

Enova International declared that its Board of Directors has initiated a stock buyback 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 repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

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.