Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of “Buy” from Analysts

Enova International, Inc. (NYSE:ENVA) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $198.80.

ENVA has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of Enova International from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 24th. BTIG Research reiterated a “buy” rating and set a $199.00 target price on shares of Enova International in a report on Thursday, April 23rd. Maxim Group increased their target price on Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citizens Jmp increased their target price on Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. Finally, Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Friday, April 24th.

Insider Transactions at Enova International

In other news, CEO Steven E. Cunningham sold 7,852 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 122,945 shares in the company, valued at $21,576,847.50. This represents a 6.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David Fisher sold 20,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $173.18, for a total transaction of $3,463,600.00. Following the transaction, the chairman owned 306,444 shares of the company’s stock, valued at approximately $53,069,971.92. This represents a 6.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,995 shares of company stock valued at $5,909,433. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake 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 purchasing an additional 451 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Enova International by 3.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider’s stock valued at $8,450,000 after purchasing an additional 2,351 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Enova International by 19.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 19,902 shares of the credit services provider’s stock valued at $2,703,000 after purchasing an additional 3,299 shares during the last quarter. Emerald Advisers LLC lifted its stake in Enova International by 63.2% in the 1st quarter. Emerald Advisers LLC now owns 3,507 shares of the credit services provider’s stock valued at $476,000 after purchasing an additional 1,358 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in Enova International in the 1st quarter valued at about $407,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Stock Performance

Shares of Enova International stock opened at $167.00 on Friday. The firm has a fifty day moving average of $150.22 and a two-hundred day moving average of $147.55. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 13.52 and a beta of 1.32. Enova International has a 52 week low of $89.00 and a 52 week high of $176.68. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS 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 company had revenue of $875.14 million during the quarter, compared to analysts’ expectations of $854.52 million. During the same quarter in the previous year, the company posted $2.98 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, equities research analysts predict that Enova International will post 15.37 EPS for the current year.

Enova International Company Profile

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.