Enova International (NYSE:ENVA) Reaches New 1-Year High on Earnings Beat

Enova International, Inc. (NYSE:ENVA)’s share price hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $117.39 and last traded at $113.76, with a volume of 11259 shares. The stock had previously closed at $112.94.

The credit services provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.08. Enova International had a net margin of 7.19% and a return on equity of 18.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens boosted their price target on Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. TD Cowen raised 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. JMP Securities upped their target price on Enova International from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Wednesday. Finally, BTIG Research raised their price target on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.57.

Insider Activity at Enova International

In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the transaction, the chief executive officer now directly owns 369,905 shares in the company, valued at approximately $39,058,268.95. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Several institutional investors have recently modified their holdings of the company. USA Financial Formulas acquired a new position in Enova International during the third quarter worth about $76,000. GAMMA Investing LLC boosted its position in shares of Enova International by 24.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock valued at $89,000 after purchasing an additional 210 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of Enova International in the 4th quarter worth approximately $202,000. Crossmark Global Holdings Inc. bought a new stake in shares of Enova International in the 4th quarter worth approximately $206,000. Finally, F M Investments LLC bought a new stake in shares of Enova International in the 3rd quarter worth approximately $242,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Stock Up 1.2 %

The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The stock has a market capitalization of $3.00 billion, a P/E ratio of 18.23 and a beta of 1.49. The stock’s fifty day moving average is $103.30 and its two-hundred day moving average is $91.98.

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.