Enova International (NYSE:ENVA) Hits New 12-Month High – Here’s What Happened

Enova International, Inc. (NYSE:ENVA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $193.54 and last traded at $189.98, with a volume of 300 shares traded. The stock had previously closed at $189.33.

Analyst Ratings Changes

ENVA has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $199.00 price objective on shares of Enova International in a research report on Thursday, April 23rd. TD Cowen lifted their price objective on Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Maxim Group lifted their price objective on Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $198.80.

Enova International Price Performance

The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $4.74 billion, a PE ratio of 15.42 and a beta of 1.28. The company has a fifty day moving average price of $162.98 and a two-hundred day moving average price of $154.01.

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

Insiders Place Their Bets

In related news, Director William M. Goodyear sold 6,231 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $166.08, for a total value of $1,034,844.48. Following the sale, the director owned 68,740 shares in the company, valued at $11,416,339.20. This represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven E. Cunningham sold 7,852 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total value of $1,378,026.00. Following the completion of the sale, the chief executive officer owned 122,945 shares in the company, valued at approximately $21,576,847.50. This represents a 6.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 50,322 shares of company stock worth $8,491,326. Company insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC purchased a new stake in Enova International in the 4th quarter valued at approximately $1,851,000. CSM Advisors LLC increased its holdings in shares of Enova International by 16.7% during the 3rd quarter. CSM Advisors LLC now owns 62,550 shares of the credit services provider’s stock worth $7,199,000 after buying an additional 8,972 shares during the last quarter. SG Americas Securities LLC increased its holdings 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 increased its holdings 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, Hillsdale Investment Management Inc. increased its holdings in shares of Enova International by 12.0% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 58,780 shares of the credit services provider’s stock worth $6,765,000 after buying an additional 6,300 shares during the last quarter. Hedge funds and other 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.