Enova International (NYSE:ENVA) Hits New 12-Month High – Should You Buy?

Enova International, Inc. (NYSE:ENVA) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $179.27 and last traded at $177.8740, with a volume of 33532 shares. The stock had previously closed at $171.54.

Analysts Set New Price Targets

A number of brokerages recently commented on ENVA. TD Cowen raised their target price on Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Citigroup reaffirmed an “outperform” rating on shares of Enova International in a report on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Tuesday, April 21st. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $199.00 target price on shares of Enova International in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $198.80.

Enova International Price Performance

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 firm has a market cap of $4.39 billion, a PE ratio of 14.27 and a beta of 1.28. The firm’s fifty day simple moving average is $158.85 and its two-hundred day simple moving average is $152.26.

Enova International (NYSE:ENVA) last issued 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 net margin of 9.95% and a return on equity of 25.89%. The business had revenue of $875.14 million for the quarter, compared to the consensus estimate of $854.52 million. During the same quarter in the previous year, the firm earned $2.98 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, research analysts expect that Enova International, Inc. will post 15.37 EPS for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of Enova International stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer owned 122,945 shares of the company’s stock, valued at $21,576,847.50. The trade was a 6.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David Fisher sold 20,000 shares of Enova International stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $173.18, for a total transaction 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 represents a 6.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,322 shares of company stock valued at $8,491,326 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Enova International during the fourth quarter valued at approximately $31,000. McIlrath & Eck LLC bought a new stake in shares of Enova International during the first quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its position in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after buying an additional 64 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

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.