Enova International, Inc. (NYSE:ENVA) Given Average Recommendation of “Buy” by Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have received an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $111.00.

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th.

Insider Buying and Selling

In other news, CAO James Joseph Lee sold 478 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total transaction of $50,481.58. Following the completion of the transaction, the chief accounting officer directly owned 19,751 shares of the company’s stock, valued at $2,085,903.11. This trade represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Fisher sold 6,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.89, for a total value of $755,340.00. Following the completion of the transaction, the chief executive officer directly owned 348,223 shares of the company’s stock, valued at approximately $43,837,793.47. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,788 shares of company stock valued at $11,009,765. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

Institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P purchased a new stake in Enova International in the 2nd quarter valued at $11,152,000. CSM Advisors LLC bought a new stake in Enova International in the 2nd quarter worth approximately $5,974,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Enova International by 238.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock worth $7,650,000 after buying an additional 48,350 shares during the last quarter. CX Institutional increased its stake in Enova International by 151.5% in the 2nd quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock worth $7,532,000 after purchasing an additional 40,681 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Enova International by 430.4% during the first quarter. Quantbot Technologies LP now owns 33,328 shares of the credit services provider’s stock valued at $3,218,000 after buying an additional 27,044 shares during the period. 89.43% of the stock is currently owned by institutional investors.

Enova International Trading Up 1.8%

Shares of ENVA stock opened at $111.46 on Wednesday. Enova International has a 1 year low of $79.41 and a 1 year high of $130.34. The firm’s fifty day simple moving average is $115.46 and its 200 day simple moving average is $105.53. The firm has a market capitalization of $2.79 billion, a P/E ratio of 11.83 and a beta of 1.49. The company has a current ratio of 18.15, a quick ratio of 18.15 and a debt-to-equity ratio of 3.23.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.23. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The business had revenue of $764.04 million for the quarter, compared to analyst estimates of $756.69 million. During the same quarter in the previous year, the firm posted $2.21 earnings per share. Enova International’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts predict that Enova International will post 10.31 EPS for the current year.

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.