TD Cowen Cuts Enova International (NYSE:ENVA) Price Target to $220.00

Enova International (NYSE:ENVA) had its target price cut by TD Cowen from $257.00 to $220.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Citizens Jmp decreased their price target on Enova International from $270.00 to $215.00 and set a “market outperform” rating on the stock in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Jefferies Financial Group upped their target price on shares of Enova International from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, BTIG Research raised their target price on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $231.67.

Enova International Stock Up 4.2%

NYSE:ENVA opened at $179.40 on Tuesday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 13.30 and a beta of 1.21. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The stock’s fifty day moving average price is $237.33 and its two-hundred day moving average price is $192.67. Enova International has a 52-week low of $103.02 and a 52-week high of $267.45.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to analysts’ expectations of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the firm earned $3.23 EPS. On average, analysts anticipate that Enova International will post 16.33 EPS for the current year.

Insider Buying and Selling at Enova International

In other news, Chairman David Fisher sold 9,491 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $244.01, for a total value of $2,315,898.91. Following the transaction, the chairman owned 306,444 shares of the company’s stock, valued at $74,775,400.44. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

Institutional investors have recently made changes to their positions in the stock. HB Wealth Management LLC raised its stake in shares of Enova International by 3.1% in the 2nd 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 lifted its holdings in shares of Enova International by 2.6% in the second quarter. GAMMA Investing LLC now owns 2,897 shares of the credit services provider’s stock valued at $697,000 after purchasing an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of 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 buying an additional 86 shares during the period. Pacer Advisors Inc. boosted its position in shares of Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Enova International by 5.2% during the second quarter. NewEdge Advisors LLC now owns 3,670 shares of the credit services provider’s stock worth $883,000 after buying an additional 181 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Enova retains a consensus “Buy” rating, indicating that analysts generally continue to see value in the stock despite recent developments. Enova receives consensus Buy rating
• Neutral Sentiment: Investor attention is shifting away from the Grasshopper transaction and toward broader macroeconomic factors, including the economic environment affecting Enova’s credit businesses. Enova investor focus turns from Grasshopper to macro
• Negative Sentiment: Enova withdrew the federal applications needed to complete its approximately $369 million acquisition of Grasshopper Bancorp, citing unclear regulatory rules and political pressure. The decision removes a potential growth opportunity and triggered a sharp selloff. Enova withdraws Grasshopper Bank bid
• Negative Sentiment: TD Cowen and Citizens JMP lowered their expectations for Enova’s stock price, contributing to concerns about the company’s near-term valuation and outlook. TD Cowen lowers Enova expectations Citizens JMP lowers Enova expectations
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations or other improper conduct related to Enova’s disclosures and the Grasshopper transaction. These announcements do not establish wrongdoing, but they raise litigation, reputational and potential financial risks for investors. Enova securities investigation

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.