Enova International, Inc. (NYSE:ENVA) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Enova International, Inc. (NYSE:ENVA) have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $136.50.

Several research firms recently commented on ENVA. JMP Securities raised their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. Citizens Jmp increased their target price on Enova International from $149.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, December 12th. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Citigroup reiterated an “outperform” rating on shares of Enova International in a research report on Friday, December 12th. Finally, Zacks Research cut Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 14,874 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the completion of the transaction, the chief financial officer owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. The trade was a 10.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $160.24, for a total transaction of $2,403,600.00. Following the sale, the chief executive officer directly owned 348,223 shares in the company, valued at $55,799,253.52. This trade represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,874 shares of company stock valued at $5,680,052 over the last 90 days. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in ENVA. Amundi purchased a new position in Enova International during the first quarter worth about $1,886,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Enova International by 238.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock valued at $7,650,000 after acquiring an additional 48,350 shares during the last quarter. CX Institutional grew its holdings in shares of Enova International by 151.5% during the second quarter. CX Institutional now owns 67,538 shares of the credit services provider’s stock worth $7,532,000 after purchasing an additional 40,681 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Enova International by 37.8% during the second quarter. GAMMA Investing LLC now owns 2,383 shares of the credit services provider’s stock worth $266,000 after purchasing an additional 654 shares in the last quarter. Finally, Kendall Capital Management bought a new position in shares of Enova International in the second quarter worth approximately $544,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Stock Up 3.1%

ENVA stock opened at $162.05 on Monday. The stock has a fifty day moving average of $138.93 and a 200-day moving average of $122.02. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $168.68. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 14.89 and a beta of 1.27. The company has a debt-to-equity ratio of 3.20, a quick ratio of 19.29 and a current ratio of 19.29.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, beating the consensus estimate of $3.03 by $0.33. The business had revenue of $460.71 million for the quarter, compared to the consensus estimate of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. As a group, equities research analysts predict that Enova International will post 10.31 earnings per share for the current year.

Enova International announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.