Enova International (NYSE:ENVA) Downgraded to “Hold” at StockNews.com

Enova International (NYSE:ENVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities analysts have also issued reports on ENVA. JMP Securities boosted their price target on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a research note on Wednesday. BMO Capital Markets boosted their price target on Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group boosted their price target on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.60.

Enova International Trading Down 1.8 %

Enova International stock opened at $62.42 on Wednesday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 10.27 and a current ratio of 10.27. The business’s 50-day simple moving average is $61.59 and its 200-day simple moving average is $53.70. The firm has a market capitalization of $1.72 billion, a PE ratio of 11.23 and a beta of 1.55. Enova International has a 52 week low of $35.30 and a 52 week high of $65.00.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Enova International had a return on equity of 15.45% and a net margin of 7.69%. The business had revenue of $583.59 million for the quarter, compared to analyst estimates of $587.34 million. Equities research analysts forecast that Enova International will post 7.39 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Sean Rahilly sold 6,043 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the sale, the general counsel now owns 101,949 shares in the company, valued at $6,116,940. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,938 shares of company stock valued at $1,799,557. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENVA. Orchard Capital Management LLC lifted its stake in shares of Enova International by 30.0% in the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after purchasing an additional 53,647 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in shares of Enova International in the 3rd quarter valued at $928,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Enova International in the 4th quarter valued at $957,000. Foundry Partners LLC raised its stake in Enova International by 7.3% during the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after buying an additional 9,357 shares during the period. Finally, Quantbot Technologies LP raised its stake in Enova International by 75.1% during the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after buying an additional 4,417 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.