Enova International (NYSE:ENVA) Given New $280.00 Price Target at Jefferies Financial Group

Enova International (NYSE:ENVA) had its price objective lifted by Jefferies Financial Group from $260.00 to $280.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the credit services provider’s stock.

Several other research firms also recently weighed in on ENVA. Maxim Group raised their price target on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Friday, June 26th. TD Cowen boosted their target price on Enova International from $190.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research upped their price target on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.67.

Enova International Price Performance

Shares of Enova International stock opened at $225.25 on Wednesday. The firm has a market cap of $5.61 billion, a PE ratio of 18.24 and a beta of 1.21. Enova International has a twelve month low of $99.61 and a twelve month high of $246.38. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45. The business has a 50-day moving average price of $186.59 and a 200 day moving average price of $163.75.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.66 by $0.21. The company had revenue of $875.14 million during the quarter, compared to analyst estimates of $854.52 million. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 EPS. Sell-side analysts predict that Enova International will post 15.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Tebbe sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total value of $4,027,400.00. Following the sale, the director directly owned 50,029 shares in the company, valued at approximately $10,074,339.73. This trade represents a 28.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 106,882 shares of company stock valued at $19,757,389. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

A number of institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC acquired a new position in Enova International in the fourth quarter valued at approximately $1,851,000. CSM Advisors LLC raised its holdings in Enova International by 16.7% during the third quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider’s stock worth $7,199,000 after purchasing an additional 8,972 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock worth $21,847,000 after buying an additional 134,393 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after buying an additional 18,258 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Enova International by 43.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,774 shares of the credit services provider’s stock valued at $3,737,000 after buying an additional 7,200 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other 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.