Enova International Inc. (ENVA) Given Buy Rating at JMP Securities
Enova International Inc. (NYSE:ENVA)‘s stock had its “buy” rating reiterated by equities researchers at JMP Securities in a research note issued to investors on Monday.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Jefferies Group initiated coverage on shares of Enova International in a report on Thursday, September 1st. They issued a “buy” rating and a $12.00 price target for the company. Finally, FBR & Co increased their price target on shares of Enova International from $8.50 to $9.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.63.
Shares of Enova International (NYSE:ENVA) traded down 1.862% during trading on Monday, hitting $9.225. 114,650 shares of the company’s stock were exchanged. The firm has a market capitalization of $306.40 million, a PE ratio of 11.517 and a beta of 3.42. The stock’s 50 day moving average is $9.49 and its 200 day moving average is $8.01. Enova International has a 1-year low of $4.64 and a 1-year high of $13.66.
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Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The business earned $172.50 million during the quarter, compared to the consensus estimate of $165.80 million. Enova International had a net margin of 3.87% and a return on equity of 12.25%. Enova International’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts forecast that Enova International will post $0.93 earnings per share for the current year.
In related news, major shareholder Cash America International Inc sold 21,521 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $9.29, for a total transaction of $199,930.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Firstcash, Inc sold 84,560 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $9.42, for a total transaction of $796,555.20. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in ENVA. Emerald Acquisition Ltd. purchased a new stake in shares of Enova International during the second quarter worth about $1,272,000. Globeflex Capital L P purchased a new stake in shares of Enova International during the second quarter worth about $885,000. Parametric Portfolio Associates LLC boosted its stake in shares of Enova International by 11.3% in the second quarter. Parametric Portfolio Associates LLC now owns 252,691 shares of the company’s stock worth $1,860,000 after buying an additional 25,754 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Enova International by 46.5% in the second quarter. Nationwide Fund Advisors now owns 76,609 shares of the company’s stock worth $564,000 after buying an additional 24,300 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Enova International during the second quarter worth about $142,000. Institutional investors and hedge funds own 63.74% of the company’s stock.
Enova International Company Profile
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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