Enova International (NYSE:ENVA) Price Target Raised to $225.00

Enova International (NYSE:ENVA) had its target price increased by Stephens from $215.00 to $225.00 in a report published on Friday,Benzinga reports. Stephens currently has an overweight rating on the credit services provider’s stock.

Several other research firms also recently commented on ENVA. Zacks Research downgraded Enova International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Citizens Jmp lowered their target price on shares of Enova International from $270.00 to $215.00 and set a “market outperform” rating on the stock in a research note on Tuesday, September 15th. BTIG Research upped their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group reduced their target price on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Enova International has an average rating of “Moderate Buy” and a consensus price target of $235.67.

Enova International Trading Down 0.0%

ENVA stock opened at $165.04 on Friday. The company has a current ratio of 18.92, a quick ratio of 18.91 and a debt-to-equity ratio of 3.43. Enova International has a 12-month low of $115.06 and a 12-month high of $267.45. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28. The business’s 50-day moving average is $200.48 and its 200 day moving average is $199.55.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The business’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.36 earnings per share. On average, sell-side analysts anticipate that Enova International will post 16.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Enova International news, Chairman David Fisher sold 20,750 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was 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 directly owned 306,444 shares in the company, valued at $54,620,578.56. This represents a 6.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 39,319 shares of company stock worth $8,185,473 in the last quarter. Company insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ENVA. HB Wealth Management LLC grew its holdings in shares of Enova International by 3.1% in the second quarter. HB Wealth Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC increased its position in Enova International by 2.2% during the third quarter. GAMMA Investing LLC now owns 2,962 shares of the credit services provider’s stock worth $495,000 after purchasing an additional 65 shares during the last quarter. Kendall Capital Management raised its stake in Enova International by 0.7% during the third quarter. Kendall Capital Management now owns 13,035 shares of the credit services provider’s stock worth $2,178,000 after purchasing an additional 85 shares during the period. Sequoia Financial Advisors LLC raised its stake in Enova International by 4.7% during the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider’s stock worth $458,000 after purchasing an additional 86 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Key Headlines Impacting 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 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.