Enova International (NYSE:ENVA) Given New $149.00 Price Target at JMP Securities

Enova International (NYSE:ENVA) had its price target raised by equities researchers at JMP Securities from $135.00 to $149.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price indicates a potential upside of 31.24% from the company’s current price.

Several other equities research analysts have also commented on the stock. Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $116.80.

Enova International Trading Down 0.4%

NYSE ENVA opened at $113.53 on Friday. The company has a quick ratio of 18.15, a current ratio of 18.15 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $2.84 billion, a P/E ratio of 12.05 and a beta of 1.49. Enova International has a 52-week low of $79.41 and a 52-week high of $130.34. The firm has a 50-day moving average price of $115.61 and a 200 day moving average price of $105.77.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 23.33% and a net margin of 8.75%.The firm had revenue of $802.68 million during the quarter, compared to analysts’ expectations of $806.63 million. During the same quarter in the prior year, the business posted $2.45 earnings per share. Enova International’s revenue was up 16.3% compared to the same quarter last year. Equities research analysts expect that Enova International will post 10.31 EPS for the current year.

Insider Transactions at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total transaction of $2,781,493.20. Following the completion of the sale, the chief financial officer directly owned 131,157 shares in the company, valued at $13,865,918.04. This represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO James Joseph Lee sold 478 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total transaction of $50,481.58. Following the sale, the chief accounting officer directly owned 19,751 shares of the company’s stock, valued at approximately $2,085,903.11. This trade represents a 2.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,788 shares of company stock worth $11,009,765 in the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Enova International

A number of institutional investors have recently modified their holdings of ENVA. GAMMA Investing LLC raised its holdings in shares of Enova International by 56.5% during the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider’s stock valued at $167,000 after buying an additional 624 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Enova International by 6.5% during the first quarter. J.Safra Asset Management Corp now owns 3,784 shares of the credit services provider’s stock valued at $365,000 after purchasing an additional 232 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Enova International by 34.7% in the first quarter. Russell Investments Group Ltd. now owns 63,724 shares of the credit services provider’s stock worth $6,153,000 after acquiring an additional 16,422 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Enova International by 430.4% in the first quarter. Quantbot Technologies LP now owns 33,328 shares of the credit services provider’s stock valued at $3,218,000 after purchasing an additional 27,044 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Enova International during the 1st quarter worth about $56,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

About Enova International

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.