Enova International, Inc. $ENVA Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Enova International, Inc. (NYSE:ENVA) by 62.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,155 shares of the credit services provider’s stock after buying an additional 16,982 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.18% of Enova International worth $7,379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. USA Financial Formulas bought a new stake in Enova International in the third quarter worth $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Enova International in the second quarter worth $52,000. McIlrath & Eck LLC purchased a new stake in shares of Enova International in the first quarter worth $34,000. Pacer Advisors Inc. grew its stake in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Enova International by 1,503.3% during the first 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 in the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. TD Cowen increased its target to $224 and assigned a “buy” rating; Citizens JMP raised its target to $220 with a “market outperform” rating; and Stephens lifted its target to $225 with an “overweight” rating. These targets imply roughly 33%–36% potential upside from the referenced share price. TD Cowen recommendation
• Positive Sentiment: Third-quarter results exceeded expectations. Enova reported adjusted EPS of $4.48, above the $4.42 consensus estimate, while revenue reached approximately $1.01 billion versus expectations of $1 billion. Revenue rose 25.7% year over year, and adjusted EPS increased 33% from $3.36 a year earlier. Enova third-quarter results
• Positive Sentiment: Operating growth remained strong. Loan originations climbed 31%, the loan book reached a record level, and the quarter marked the first time quarterly revenue surpassed $1 billion. Management attributed the performance to broad strength across its online-lending portfolio. Enova surpasses $1 billion in quarterly revenue
• Negative Sentiment: The termination of the Grasshopper Bank deal may be weighing on sentiment. The ended bank charter transaction removes a potential strategic benefit and may have prompted investors to reassess Enova’s future banking strategy. Blue Tower analysis of Enova’s Grasshopper Bank deal

Enova International Price Performance

Shares of NYSE:ENVA opened at $165.04 on Friday. The company has a market capitalization of $4.11 billion, a P/E ratio of 11.37 and a beta of 1.28. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. The firm’s 50 day simple moving average is $200.48 and its two-hundred day simple moving average is $199.12. Enova International, Inc. has a 1-year low of $115.06 and a 1-year high of $267.45.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 28.01%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm posted $3.36 EPS. The company’s revenue was up 25.7% on a year-over-year basis. Research analysts expect that Enova International, Inc. will post 16.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENVA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research report on Thursday, October 15th. BTIG Research increased their price objective on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. TD Cowen increased their price objective on shares of Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Friday. Citigroup restated a “market outperform” rating on shares of Enova International in a research note on Friday. Finally, Jefferies Financial Group decreased their target price on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.67.

Insiders Place Their Bets

In other news, Chairman David Fisher sold 20,750 shares of the firm’s 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 sale, the chairman owned 306,444 shares in the company, valued at approximately $54,620,578.56. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 39,319 shares of company stock worth $8,185,473 in the last quarter. Insiders own 8.40% of the company’s stock.

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.