Enova International (NYSE:ENVA) Stock Rating Upgraded by StockNews.com

Enova International (NYSE:ENVA) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities research analysts have also commented on ENVA. BMO Capital Markets increased their price target on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. TheStreet lowered shares of Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Jefferies Financial Group upped their target price on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Maxim Group lifted their price target on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, JMP Securities upped their price objective on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Enova International Stock Performance

ENVA opened at $62.01 on Thursday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 11.15 and a beta of 1.52. The company’s fifty day moving average price is $61.77 and its two-hundred day moving average price is $54.09. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64.

Enova International (NYSE:ENVA) last released its quarterly earnings results 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 return on equity of 15.77% and a net margin of 7.69%. The business had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. On average, analysts expect that Enova International will post 7.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s 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 directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 6,043 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total transaction of $362,580.00. Following the completion of the sale, the general counsel now directly owns 101,949 shares in the company, valued at $6,116,940. The disclosure for this sale can be found here. Insiders sold 61,528 shares of company stock worth $3,726,727 over the last quarter. 7.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Headinvest LLC purchased a new position in shares of Enova International during the third quarter worth about $28,000. GAMMA Investing LLC purchased a new position in Enova International in the 4th quarter worth approximately $37,000. New York State Common Retirement Fund increased its holdings in shares of Enova International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock worth $3,039,000 after buying an additional 2,203 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Enova International during the 4th quarter valued at $216,000. Finally, Quantbot Technologies LP lifted its holdings 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 worth $524,000 after acquiring an additional 4,417 shares during the last quarter. 89.43% of the stock is owned by institutional investors.

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.