Enova International (NYSE:ENVA) Downgraded by StockNews.com

StockNews.com lowered shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research report report published on Wednesday.

A number of other research analysts have also recently weighed in on ENVA. JMP Securities lifted their target price on shares of Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research note on Wednesday. TheStreet lowered Enova International from a b rating to a c+ rating in a research note on Tuesday, January 30th. BMO Capital Markets lifted their target price on Enova International from $57.00 to $59.00 and gave the company a market perform rating in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group upped their price target on Enova International from $70.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Enova International has a consensus rating of Hold and a consensus price target of $64.25.

Enova International Stock Performance

Shares of ENVA opened at $63.54 on Wednesday. The business has a 50-day simple moving average of $61.53 and a two-hundred day simple moving average of $53.64. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 2.37. Enova International has a 52 week low of $35.30 and a 52 week high of $65.00. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 11.59 and a beta of 1.55.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a net margin of 8.27% and a return on equity of 15.84%. The company had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. On average, analysts expect that Enova International will post 7.39 EPS for the current year.

Insider Transactions at Enova International

In related news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total value of $310,600.00. Following the sale, the director now directly owns 9,182 shares in the company, valued at approximately $570,385.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,938 shares of company stock valued at $1,799,557. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enova International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. Orchard Capital Management LLC increased its position in Enova International by 30.0% during the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after acquiring an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Enova International during the 4th quarter valued at about $957,000. GAMMA Investing LLC purchased a new stake in Enova International in the 4th quarter worth about $37,000. Foundry Partners LLC lifted its stake in Enova International by 7.3% in the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after purchasing an additional 9,357 shares during the last quarter. Finally, Handelsbanken Fonder AB purchased a new position in shares of Enova International during the fourth quarter valued at approximately $216,000. 89.43% of the stock is currently owned by hedge funds and other 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.