Enova International, Inc. (NYSE:ENVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts rate Enova International “Moderate Buy”: Eight of nine covering firms recommend buying the stock, while one rates it a hold. The average 12-month price target is $231.67.
• Recent analyst targets were mixed, with TD Cowen and Stephens lowering their targets, while BTIG Research and Jefferies raised theirs; price objectives range from $205 to $280.
• Enova exceeded quarterly expectations, reporting $4.31 in EPS and $928.93 million in revenue, with revenue up 21.6% year over year. The company’s chairman also sold 20,750 shares, while institutional investors own 89.43% of the stock.

Shares of Enova International, Inc. (NYSE:ENVA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, Marketbeat reports. One equities research 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 analysts that have issued ratings on the stock in the last year is $231.67.

A number of analysts have commented on the stock. TD Cowen lowered their target price on shares of Enova International from $257.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, September 15th. Stephens cut their price target on Enova International from $275.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday, September 17th. Citigroup restated a "market outperform" rating on shares of Enova International in a research report on Tuesday, September 15th. BTIG Research lifted their price objective on Enova International from $199.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group lifted their price objective on Enova International from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th.

Insider Transactions at Enova International

In other news, Chairman David Fisher sold 20,750 shares of the business's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $178.24, for a total transaction of $3,698,480.00. Following the completion of the transaction, the chairman directly owned 306,444 shares in the company, valued at approximately $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 through this hyperlink. Insiders sold a total of 39,319 shares of company stock worth $8,185,473 in the last quarter. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

A number of hedge funds have recently modified their holdings of the company. Argent Capital Management LLC grew its holdings in Enova International by 66.0% during the third quarter. Argent Capital Management LLC now owns 1,479 shares of the credit services provider's stock valued at $247,000 after purchasing an additional 588 shares during the period. CX Institutional increased its stake in Enova International by 157.5% in the third quarter. CX Institutional now owns 36,153 shares of the credit services provider's stock valued at $6,042,000 after purchasing an additional 22,113 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Enova International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 1,903 shares of the credit services provider's stock worth $458,000 after purchasing an additional 86 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Enova International in the second quarter worth $52,000. 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 purchasing an additional 181 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Enova International Stock Performance

Shares of NYSE:ENVA opened at $182.86 on Wednesday. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International has a 1-year low of $103.02 and a 1-year high of $267.45. The stock has a market capitalization of $4.55 billion, a P/E ratio of 13.56 and a beta of 1.28. The business has a 50-day moving average price of $221.26 and a two-hundred day moving average price of $195.76.

Enova International (NYSE:ENVA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. During the same quarter last year, the firm earned $3.23 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis. Equities analysts predict that Enova International will post 16.33 earnings per share for the current year.

About Enova International

Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.

Enova's consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.

Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.