Enova International (NYSE:ENVA) Stock Rating Upgraded by Wall Street Zen

Enova International (NYSE:ENVA) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other analysts have also recently weighed in on ENVA. BTIG Research reiterated a “buy” rating and issued a $199.00 price objective on shares of Enova International in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Citigroup reaffirmed an “outperform” rating on shares of Enova International in a report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Enova International in a research note on Thursday, January 8th. Finally, Citizens Jmp increased their price target on Enova International from $180.00 to $182.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $188.00.

Enova International Stock Performance

Shares of NYSE ENVA opened at $137.43 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 9.48 and a quick ratio of 9.48. The stock’s fifty day moving average price is $154.32 and its two-hundred day moving average price is $135.80. Enova International has a one year low of $79.41 and a one year high of $176.68. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 11.87 and a beta of 1.24.

Enova International (NYSE:ENVA) last posted its earnings results on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.29. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $838.59 million. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. On average, equities analysts forecast that Enova International will post 10.31 EPS for the current year.

Enova International announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, General Counsel Sean Rahilly sold 12,879 shares of Enova International stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $164.28, for a total value of $2,115,762.12. Following the transaction, the general counsel directly owned 100,877 shares of the company’s stock, valued at $16,572,073.56. This trade represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Gray sold 19,999 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $172.04, for a total transaction of $3,440,627.96. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 134,019 shares of company stock worth $22,151,701. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

Several hedge funds and other institutional investors have recently modified their holdings of ENVA. Arkadios Wealth Advisors lifted its position in shares of Enova International by 61.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 31,362 shares of the credit services provider’s stock worth $3,609,000 after buying an additional 11,915 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Enova International by 8,356.1% in the third quarter. Harbor Capital Advisors Inc. now owns 16,574 shares of the credit services provider’s stock valued at $1,908,000 after acquiring an additional 16,378 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Enova International in the second quarter valued at about $11,152,000. CSM Advisors LLC acquired a new position in Enova International during the second quarter worth about $5,974,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Enova International by 51.9% in the second quarter. New York State Common Retirement Fund now owns 32,719 shares of the credit services provider’s stock worth $3,649,000 after acquiring an additional 11,180 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.