Enova International, Inc. (NYSE:ENVA) Stock Has Consensus Price Target of $239.00 According to Brokerages

Enova International, Inc. (NYSE:ENVA) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $239.00.

Several analysts have weighed in on the company. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Stephens boosted their price objective on Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Zacks Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Citigroup restated a “market outperform” rating on shares of Enova International in a research report on Friday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Thursday, October 15th.

Enova International Trading Up 0.6%

Shares of ENVA stock opened at $175.01 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. Enova International has a 52-week low of $119.02 and a 52-week high of $267.45. The company has a market capitalization of $4.28 billion, a PE ratio of 11.59 and a beta of 1.36. The business’s fifty day moving average is $190.15 and its 200 day moving average is $183.89.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.06. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company earned $3.36 earnings per share. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. On average, equities research analysts anticipate that Enova International will post 16.32 EPS for the current fiscal year.

Insider Activity at Enova International

In other Enova International news, Chairman David Fisher sold 20,750 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the transaction, the chairman owned 306,444 shares of the company’s stock, valued at $54,620,578.56. The trade was a 6.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kirk Chartier sold 27,977 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the completion of the transaction, the insider directly owned 76,995 shares in the company, valued at $13,205,412.45. The trade was a 26.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 115,758 shares of company stock worth $21,490,436 in the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. Ashton Thomas Private Wealth LLC raised its holdings in shares of Enova International by 2.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,274 shares of the credit services provider’s stock valued at $714,000 after buying an additional 105 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Enova International by 2.9% in the third quarter. Kestra Advisory Services LLC now owns 2,902 shares of the credit services provider’s stock worth $485,000 after buying an additional 83 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in Enova International by 49.4% during the third quarter. Prescott Group Capital Management L.L.C. now owns 135,898 shares of the credit services provider’s stock valued at $22,710,000 after acquiring an additional 44,946 shares during the last quarter. XML Financial LLC grew its position in Enova International by 106.1% during the third quarter. XML Financial LLC now owns 2,370 shares of the credit services provider’s stock valued at $396,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its stake in shares of Enova International by 1.7% during the third quarter. Aviance Capital Partners LLC now owns 12,708 shares of the credit services provider’s stock worth $2,124,000 after acquiring an additional 211 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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.