Analysts Set Enova International, Inc. (NYSE:ENVA) Price Target at $91.14

Shares of Enova International, Inc. (NYSE:ENVA) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $91.14.

Several research firms have recently commented on ENVA. JMP Securities boosted their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research boosted their price target on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, Stephens assumed coverage on Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price on the stock.

Insider Transactions at Enova International

In other news, CFO Steven E. Cunningham sold 2,455 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total transaction of $220,336.25. Following the transaction, the chief financial officer now owns 127,900 shares in the company, valued at approximately $11,479,025. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Fisher sold 13,314 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total transaction of $1,354,566.36. Following the completion of the sale, the chief executive officer now directly owns 399,925 shares of the company’s stock, valued at approximately $40,688,369.50. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,843 shares of company stock worth $6,442,079. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENVA. GAMMA Investing LLC boosted its stake in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after acquiring an additional 200 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Enova International by 25.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after acquiring an additional 233 shares during the period. Lazard Asset Management LLC raised its position in shares of Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 636 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Enova International during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Price Performance

NYSE:ENVA opened at $104.74 on Wednesday. The business’s 50-day simple moving average is $89.39 and its two-hundred day simple moving average is $76.80. Enova International has a 52 week low of $39.92 and a 52 week high of $106.51. The stock has a market cap of $2.75 billion, a PE ratio of 16.70 and a beta of 1.42. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The company had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same quarter last year, the company earned $1.33 EPS. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. As a group, analysts forecast that Enova International will post 8.04 EPS for the current fiscal year.

Enova International announced that its Board of Directors has initiated a share buyback plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.