Enova International (NYSE:ENVA) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research report released on Wednesday morning.

ENVA has been the subject of a number of other reports. Jefferies Financial Group boosted their target price on Enova International from $70.00 to $75.00 and gave the company a buy rating in a research report on Tuesday, April 9th. TheStreet lowered Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. BMO Capital Markets boosted their target price on Enova International from $57.00 to $59.00 and gave the company a market perform rating in a research report on Wednesday, January 31st. Finally, JMP Securities boosted their target price on Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of Hold and a consensus price target of $64.25.

Enova International Stock Performance

ENVA stock opened at $63.54 on Wednesday. The stock has a 50-day moving average price of $61.53 and a 200-day moving average price of $53.64. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. The firm has a market cap of $1.75 billion, a PE ratio of 11.59 and a beta of 1.55.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a return on equity of 15.84% and a net margin of 8.27%. The firm had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. As a group, equities research analysts expect that Enova International will post 7.39 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total transaction of $310,600.00. Following the completion of the transaction, the director now owns 9,182 shares in the company, valued at approximately $570,385.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now owns 9,182 shares in the company, valued at approximately $570,385.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Sean Rahilly sold 6,043 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the completion of the transaction, the general counsel now owns 101,949 shares in the company, valued at approximately $6,116,940. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,938 shares of company stock worth $1,799,557. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

Hedge funds and other institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC purchased a new position in shares of Enova International in the 3rd quarter worth approximately $117,000. Jackson Creek Investment Advisors LLC bought a new position in Enova International during the third quarter valued at $928,000. Headinvest LLC bought a new position in Enova International during the third quarter valued at $28,000. Denali Advisors LLC grew its holdings in Enova International by 3.3% during the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 2,800 shares during the period. Finally, Foundry Partners LLC grew its holdings in Enova International by 7.6% during the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock valued at $6,539,000 after purchasing an additional 9,125 shares during the period. Hedge funds and other 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.