JMP Securities Raises Enova International (NYSE:ENVA) Price Target to $78.00

Enova International (NYSE:ENVA) had its target price raised by analysts at JMP Securities from $73.00 to $78.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price points to a potential upside of 24.96% from the stock’s current price.

Other research analysts also recently issued reports about the company. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. TheStreet downgraded Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. 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. Finally, BMO Capital Markets upped their price target on Enova International from $57.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Enova International Trading Down 1.8 %

Shares of ENVA stock opened at $62.42 on Wednesday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 11.23 and a beta of 1.55. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 2.37. The stock’s fifty day simple moving average is $61.59 and its 200 day simple moving average is $53.70.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $583.59 million for the quarter, compared to analyst estimates of $587.34 million. Enova International had a return on equity of 15.45% and a net margin of 7.69%. As a group, sell-side analysts predict that Enova International will post 7.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the completion of the sale, the general counsel now directly owns 107,992 shares of the company’s stock, valued at approximately $6,522,716.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Enova International news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the completion of the sale, the general counsel now directly owns 107,992 shares of the company’s stock, valued at approximately $6,522,716.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 of the company’s stock, valued at $570,385.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,938 shares of company stock valued at $1,799,557. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently modified their holdings of the business. Headinvest LLC bought a new position in shares of Enova International in the third quarter valued at approximately $28,000. GAMMA Investing LLC bought a new position in shares of Enova International in the fourth quarter valued at approximately $37,000. New York State Common Retirement Fund grew its holdings in shares of Enova International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after acquiring an additional 2,203 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Enova International in the third quarter valued at approximately $117,000. Finally, Denali Advisors LLC grew its holdings in shares of Enova International by 3.3% in the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after acquiring an additional 2,800 shares in the last quarter. 89.43% of the stock is owned by institutional investors.

About Enova International

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.