Analysts Set Enova International, Inc. (NYSE:ENVA) PT at $79.00

Shares of Enova International, Inc. (NYSE:ENVA) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $79.00.

A number of brokerages recently commented on ENVA. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. TD Cowen increased their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. BTIG Research began coverage on shares of Enova International in a research report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock. Finally, JMP Securities increased their target price on shares of Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th.

Enova International Stock Down 4.4 %

Shares of ENVA opened at $77.28 on Friday. Enova International has a 52 week low of $35.30 and a 52 week high of $88.42. The firm has a market cap of $2.18 billion, a P/E ratio of 13.90 and a beta of 1.43. The firm’s 50-day simple moving average is $76.27 and its 200 day simple moving average is $66.54. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The business had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same quarter in the prior year, the business earned $1.57 EPS. Enova International’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts forecast that Enova International will post 7.84 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 23,867 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the sale, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven E. Cunningham sold 23,867 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the sale, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the transaction, the chief executive officer now directly owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,725 shares of company stock worth $4,690,053. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. GAMMA Investing LLC lifted its stake in Enova International by 27.6% in the 2nd 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 during the last quarter. J.Safra Asset Management Corp lifted its stake in Enova International by 83.8% in the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 424 shares during the last quarter. SG Americas Securities LLC bought a new position in Enova International in the 1st quarter valued at approximately $223,000. Lazard Asset Management LLC lifted its stake in 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 valued at $228,000 after purchasing an additional 636 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new position in Enova International in the 2nd quarter valued at approximately $235,000. Institutional investors own 89.43% of the company’s stock.

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.