Enova International (NYSE:ENVA) Reaches New 12-Month High – Should You Buy?

Enova International, Inc. (NYSE:ENVA) shares hit a new 52-week high during trading on Friday . The stock traded as high as $108.20 and last traded at $106.80, with a volume of 14263 shares traded. The stock had previously closed at $106.38.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. BTIG Research upped 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. Stephens initiated coverage on shares of Enova International in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective on the stock. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, JMP Securities increased their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.14.

Enova International Trading Up 1.2 %

The firm has a market capitalization of $2.82 billion, a P/E ratio of 17.16 and a beta of 1.48. The business’s 50-day moving average is $101.19 and its 200 day moving average is $88.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The firm had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. As a group, analysts anticipate that Enova International, Inc. will post 7.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO James Joseph Lee sold 615 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total value of $55,097.85. Following the sale, the chief accounting officer now directly owns 20,646 shares in the company, valued at approximately $1,849,675.14. This trade represents a 2.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the completion of the transaction, the chief executive officer now owns 369,905 shares of the company’s stock, valued at approximately $39,058,268.95. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,843 shares of company stock worth $8,552,679 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Enova International by 28.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after purchasing an additional 12,928 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Enova International in the 3rd quarter valued at $772,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Enova International by 1.0% in 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. Foundry Partners LLC increased its stake in shares of Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares in the last quarter. Finally, F M Investments LLC bought a new stake in shares of Enova International in the 3rd quarter valued at $242,000. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.