Enova International (NYSE:ENVA) Price Target Raised to $78.00

Enova International (NYSE:ENVA) had its target price boosted by JMP Securities from $73.00 to $78.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

A number of other research firms have also recently commented on ENVA. Jefferies Financial Group boosted their price target on Enova International from $70.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their price target on Enova International from $57.00 to $59.00 and gave the stock a market perform rating in a report on Wednesday, January 31st. StockNews.com raised Enova International from a hold rating to a buy rating in a report on Saturday, March 23rd. Finally, TheStreet cut Enova International from a b rating to a c+ rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Enova International currently has an average rating of Hold and a consensus target price of $64.25.

Enova International Stock Down 1.2 %

ENVA stock opened at $63.54 on Wednesday. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 2.37. The stock has a market cap of $1.75 billion, a P/E ratio of 11.43 and a beta of 1.55. The business’s 50-day moving average price is $61.53 and its 200-day moving average price is $53.64.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a return on equity of 15.45% and a net margin of 7.69%. The firm had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. On average, equities research analysts forecast that Enova International will post 7.39 EPS for the current year.

Insiders Place Their Bets

In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the sale, the director now owns 9,182 shares of the company’s stock, valued at approximately $570,385.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The disclosure for this sale can be found here. Insiders have sold a total of 30,938 shares of company stock valued at $1,799,557 in the last quarter. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enova International

Several large investors have recently modified their holdings of ENVA. Headinvest LLC bought a new position in shares of Enova International during the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC bought a new position in shares of Enova International during the 4th quarter valued at approximately $37,000. Counterpoint Mutual Funds LLC bought a new position in shares of Enova International during the 3rd quarter valued at approximately $117,000. Handelsbanken Fonder AB bought a new position in shares of Enova International during the 4th quarter valued at approximately $216,000. Finally, Quantbot Technologies LP increased its position in shares of Enova International by 75.1% during the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock valued at $524,000 after purchasing an additional 4,417 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.