Enova International (NYSE:ENVA) Now Covered by Analysts at Stephens

Stephens started coverage on shares of Enova International (NYSE:ENVA) in a report issued on Wednesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $108.00 target price on the credit services provider’s stock.

A number of other research firms have also issued reports on ENVA. TD Cowen lifted their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. BTIG Research raised their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities raised their price target on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Three 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Trading Down 0.4 %

NYSE ENVA opened at $100.51 on Wednesday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 16.03 and a beta of 1.42. The company’s 50 day moving average price is $86.93 and its 200 day moving average price is $75.21. Enova International has a one year low of $38.89 and a one year high of $106.51. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The company had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. On average, sell-side analysts predict that Enova International will post 8.04 EPS 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 shares. This repurchase authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Enova International news, insider Kirk Chartier sold 17,644 shares of Enova International stock in a transaction on Monday, October 28th. The shares were sold at an average price of $86.80, for a total value of $1,531,499.20. Following the completion of the transaction, the insider now owns 117,422 shares of the company’s stock, valued at $10,192,229.60. The trade was a 13.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Fisher sold 13,314 shares of the firm’s stock in a transaction 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 $40,688,369.50. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,843 shares of company stock valued at $8,121,179 over the last 90 days. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in the stock. Foundry Partners LLC lifted its stake in Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Enova International by 28.6% during the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after purchasing an additional 12,928 shares in the last quarter. Summit Global Investments raised its stake in shares of Enova International by 7.5% during the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after purchasing an additional 1,785 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Enova International by 1.0% during the third 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 in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Enova International by 10.2% during the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after purchasing an additional 1,311 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.