Enova International, Inc. (ENVA) – What Are Researchers Saying About This Stock?

Shares of Enova International, Inc. (NYSE:ENVA) have received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $230.83.

ENVA has been the topic of several recent analyst reports. TD Cowen cut their target price on Enova International from $257.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. Citizens Jmp decreased their price target on Enova International from $270.00 to $215.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 15th. Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Jefferies Financial Group cut their price objective on shares of Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th.

Enova International Stock Down 1.2%

ENVA stock opened at $174.63 on Wednesday. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International has a fifty-two week low of $103.02 and a fifty-two week high of $267.45. The firm’s 50-day simple moving average is $213.76 and its 200 day simple moving average is $197.25. The stock has a market cap of $4.35 billion, a PE ratio of 12.66 and a beta of 1.28.

Enova International (NYSE:ENVA) last posted its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. During the same period in the previous year, the business posted $3.23 EPS. Enova International’s revenue was up 21.6% on a year-over-year basis. As a group, sell-side analysts predict that Enova International will post 16.33 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman David Fisher sold 20,750 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at $54,620,578.56. This represents a 6.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 39,319 shares of company stock valued at $8,185,473 over the last three months. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC acquired a new position in Enova International during the first quarter worth about $34,000. Integrated Wealth Concepts LLC acquired a new stake in Enova International in the 2nd quarter valued at about $52,000. Pacer Advisors Inc. lifted its holdings in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 451 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Enova International during the 2nd quarter valued at about $116,000. 89.43% of the stock is currently owned by institutional investors.

About Enova International

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.