JMP Securities Boosts Enova International (NYSE:ENVA) Price Target to $109.00

Enova International (NYSE:ENVA) had its target price increased by JMP Securities from $103.00 to $109.00 in a report released on Wednesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the credit services provider’s stock.

Other equities analysts have also issued research reports about the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen upped their price objective on Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, BTIG Research lifted their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Enova International has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Enova International Price Performance

Shares of NYSE:ENVA opened at $85.58 on Wednesday. Enova International has a twelve month low of $36.01 and a twelve month high of $96.01. 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 company has a market cap of $2.41 billion, a PE ratio of 15.39 and a beta of 1.43. The company’s 50 day moving average is $83.10 and its 200 day moving average is $71.50.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The firm had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts forecast that Enova International will post 7.74 EPS for the current year.

Enova International announced that its board has approved a share buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Enova International

In related news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the transaction, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction dated 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 in the company, valued at approximately $660,938.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $1,917,483 in the last three months. 7.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted 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 acquiring an additional 185 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in 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 worth $58,000 after purchasing an additional 424 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Enova International during the 3rd quarter worth approximately $76,000. SG Americas Securities LLC purchased a new stake in shares of Enova International in the first quarter valued at approximately $223,000. Finally, Lazard Asset Management LLC increased its holdings 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 valued at $228,000 after purchasing an additional 636 shares during the last quarter. Institutional investors and hedge funds 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.