Enova International (NYSE:ENVA) Reaches New 1-Year High – Still a Buy?

Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $113.29 and last traded at $112.80, with a volume of 238024 shares. The stock had previously closed at $109.76.

Analyst Ratings Changes

Several research analysts have recently issued reports on ENVA shares. Stephens assumed coverage on Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 price objective for the company. JMP Securities upped their price target on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research raised their price objective on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. TD Cowen upped their target price on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Stock Up 2.8 %

The business’s fifty day moving average price is $102.19 and its 200 day moving average price is $90.21. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 17.99 and a beta of 1.48. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79.

Insider Buying and Selling at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now directly owns 389,925 shares in the company, valued at approximately $41,125,389.75. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 33,314 shares of company stock worth $3,465,166. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

Several hedge funds have recently modified their holdings of ENVA. BNP Paribas Financial Markets increased its stake in Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after buying an additional 12,928 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Enova International in the third quarter valued at about $772,000. F M Investments LLC acquired a new position in shares of Enova International during the third quarter worth about $242,000. Crossmark Global Holdings Inc. purchased a new position in Enova International during the fourth quarter worth about $206,000. Finally, Longboard Asset Management LP acquired a new stake in Enova International in the fourth quarter valued at about $202,000. 89.43% of the stock is owned by institutional investors and hedge funds.

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.