Enova International (NYSE:ENVA) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research note published on Wednesday morning.

Several other equities analysts have also recently issued reports on ENVA. JMP Securities boosted their price target on shares of Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Enova International from $70.00 to $75.00 and gave the company a buy rating in a research report on Tuesday, April 9th. BMO Capital Markets boosted their price target on shares of Enova International from $57.00 to $59.00 and gave the company a market perform rating in a research report on Wednesday, January 31st. Finally, TheStreet cut shares of Enova International from a b rating to a c+ rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International has a consensus rating of Moderate Buy and a consensus price target of $67.60.

Enova International Price Performance

ENVA stock opened at $63.23 on Wednesday. The firm’s 50-day moving average price is $61.66 and its two-hundred day moving average price is $53.79. Enova International has a 12-month low of $35.30 and a 12-month high of $65.00. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.37 and a beta of 1.55. The company has a current ratio of 13.15, a quick ratio of 10.27 and a debt-to-equity ratio of 2.64.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The firm had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. As a group, equities analysts predict that Enova International will post 7.39 earnings per share for the current year.

Insider Buying and Selling at Enova International

In other news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Steven E. Cunningham sold 17,548 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the sale, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Sean Rahilly sold 6,043 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $60.00, for a total transaction of $362,580.00. Following the sale, the general counsel now owns 101,949 shares in the company, valued at approximately $6,116,940. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,938 shares of company stock valued at $1,799,557. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. Headinvest LLC purchased a new stake in Enova International in the third quarter worth approximately $28,000. GAMMA Investing LLC purchased a new stake in Enova International in the fourth quarter worth approximately $37,000. Counterpoint Mutual Funds LLC purchased a new stake in Enova International in the third quarter worth approximately $117,000. Handelsbanken Fonder AB purchased a new stake in Enova International in the fourth quarter worth approximately $216,000. Finally, Quantbot Technologies LP boosted its holdings in Enova International by 75.1% in the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after purchasing an additional 4,417 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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.