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

Enova International, Inc. (NYSE:ENVA) has been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $198.80.

Several research firms have recently weighed in on ENVA. Citizens Jmp upped their price target on shares of Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Citigroup restated an “outperform” rating on shares of Enova International in a research report on Friday, April 24th. BTIG Research restated a “buy” rating and issued a $199.00 price objective on shares of Enova International in a research report on Thursday, April 23rd. Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Stephens increased their target price on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th.

Enova International Trading Down 2.4%

Shares of Enova International stock opened at $159.59 on Thursday. The stock’s 50-day simple moving average is $156.85 and its 200 day simple moving average is $151.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42. Enova International has a 52-week low of $92.55 and a 52-week high of $176.68. The stock has a market capitalization of $3.97 billion, a P/E ratio of 12.92 and a beta of 1.28.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm had revenue of $875.14 million for the quarter, compared to analysts’ expectations of $854.52 million. During the same period in the prior year, the business posted $2.98 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. As a group, research analysts anticipate that Enova International will post 15.37 EPS for the current year.

Insider Buying and Selling at Enova International

In other news, CEO Steven E. Cunningham sold 7,852 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer directly owned 122,945 shares of the company’s stock, valued at approximately $21,576,847.50. This trade represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David Fisher sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $173.18, for a total value of $3,463,600.00. Following the transaction, the chairman directly owned 306,444 shares in the company, valued at $53,069,971.92. This trade represents a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 50,322 shares of company stock worth $8,491,326 over the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ENVA. FNY Investment Advisers LLC bought a new position in shares of Enova International in the fourth quarter worth approximately $31,000. McIlrath & Eck LLC bought a new position in shares of Enova International in the first quarter worth approximately $34,000. Bessemer Group Inc. grew its holdings in shares of Enova International by 174.2% in the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 162 shares during the last quarter. Strs Ohio bought a new position in shares of Enova International in the third quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares during the last quarter. 89.43% of the stock is owned by institutional investors.

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.