Enova International (NYSE:ENVA) Hits New 52-Week High – Should You Buy?

Enova International, Inc. (NYSE:ENVA) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $266.99 and last traded at $265.11, with a volume of 33717 shares trading hands. The stock had previously closed at $261.92.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ENVA shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Friday, July 17th. TD Cowen upped their price objective on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Jefferies Financial Group lifted their price target on Enova International from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Zacks Research upgraded Enova International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $247.83.

Enova International Trading Up 1.3%

The company has a market cap of $6.60 billion, a P/E ratio of 19.67 and a beta of 1.22. The business has a fifty day simple moving average of $227.81 and a 200 day simple moving average of $179.12. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million for the quarter, compared to analysts’ expectations of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.23 earnings per share. Analysts anticipate that Enova International, Inc. will post 16.3 earnings per share for the current fiscal year.

Insider Transactions at Enova International

In related news, Director William M. Goodyear sold 6,231 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $166.08, for a total value of $1,034,844.48. Following the sale, the director owned 68,740 shares of the company’s stock, valued at $11,416,339.20. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the completion of the transaction, the director owned 50,029 shares of the company’s stock, valued at approximately $10,074,339.73. This trade represents a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,030 shares of company stock worth $14,915,763. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC bought a new position in Enova International during the 1st quarter valued at $34,000. Farther Finance Advisors LLC boosted its position in shares of Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after buying an additional 350 shares during the period. Pacer Advisors Inc. grew its position in Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC grew 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 buying an additional 451 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors.

About Enova International

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.