Enova International (NYSE:ENVA) Rating Lowered to Buy at Wall Street Zen

Enova International (NYSE:ENVA) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

A number of other research analysts have also issued reports on the stock. Maxim Group set a $191.00 price target on shares of Enova International in a research note on Thursday, January 29th. Citizens Jmp boosted their price objective on shares of Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a report on Wednesday, January 28th. Citigroup reissued an “outperform” rating on shares of Enova International in a research report on Wednesday, January 28th. Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Enova International in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $188.00.

Enova International Price Performance

Shares of ENVA stock opened at $134.35 on Friday. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $176.68. The company has a debt-to-equity ratio of 3.37, a quick ratio of 9.48 and a current ratio of 9.48. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.60 and a beta of 1.24. The stock’s 50-day simple moving average is $152.10 and its 200-day simple moving average is $136.87.

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

Insider Activity at Enova International

In other news, Director Mark Tebbe sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $172.24, for a total value of $3,444,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Fisher sold 37,989 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $165.31, for a total transaction of $6,279,961.59. Following the transaction, the chairman directly owned 348,223 shares of the company’s stock, valued at approximately $57,564,744.13. This trade represents a 9.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 134,019 shares of company stock worth $22,151,701 in the last ninety days. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. SG Americas Securities LLC raised its stake in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after buying an additional 134,393 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Enova International in the second quarter worth about $11,152,000. Informed Momentum Co LLC acquired a new stake in Enova International during the fourth quarter worth about $6,243,000. Marshall Wace LLP acquired a new stake in Enova International during the fourth quarter worth about $4,412,000. Finally, Geode Capital Management LLC raised its position in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after acquiring an additional 18,258 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

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.