Enova International, Inc. (NYSE:ENVA) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Enova International, Inc. has received an average recommendation of "Buy" from analysts, with a consensus target price of $111.00 for the next 12 months.
• The company reported strong quarterly earnings with an EPS of $3.23, surpassing estimates, and a revenue increase of 21.6% year-over-year.
• Insider activity includes significant stock sales by executives, with CEO David Fisher selling 35,000 shares at an average price of $125.55.

Enova International, Inc. (NYSE:ENVA - Get Free Report) has received a consensus recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $111.00.

Separately, Zacks Research cut shares of Enova International from a "strong-buy" rating to a "hold" rating in a research note on Thursday.

Enova International Stock Performance

NYSE ENVA opened at $121.96 on Friday. The company has a debt-to-equity ratio of 3.23, a current ratio of 18.15 and a quick ratio of 18.15. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.95 and a beta of 1.52. The company's fifty day moving average is $114.07 and its two-hundred day moving average is $103.71. Enova International has a 52-week low of $79.41 and a 52-week high of $130.34.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.23. The company had revenue of $764.04 million for the quarter, compared to analyst estimates of $756.69 million. Enova International had a net margin of 8.75% and a return on equity of 23.33%. The business's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $2.21 EPS. Equities research analysts forecast that Enova International will post 10.31 EPS for the current year.

Insider Activity at Enova International

In other Enova International news, CAO James Joseph Lee sold 478 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total value of $50,481.58. Following the completion of the sale, the chief accounting officer owned 19,751 shares of the company's stock, valued at approximately $2,085,903.11. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Fisher sold 35,000 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $125.55, for a total transaction of $4,394,250.00. Following the completion of the sale, the chief executive officer owned 348,223 shares of the company's stock, valued at approximately $43,719,397.65. This represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,788 shares of company stock worth $11,585,915 over the last ninety days. Company insiders own 8.40% of the company's stock.

Institutional Investors Weigh In On Enova International

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in shares of Enova International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider's stock worth $2,706,000 after purchasing an additional 105 shares during the period. Jump Financial LLC increased its stake in Enova International by 28.1% in the second quarter. Jump Financial LLC now owns 32,976 shares of the credit services provider's stock valued at $3,677,000 after purchasing an additional 7,230 shares in the last quarter. Baird Financial Group Inc. increased its stake in Enova International by 0.8% in the second quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider's stock valued at $17,392,000 after purchasing an additional 1,276 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 350 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Enova International by 51.9% in the second quarter. New York State Common Retirement Fund now owns 32,719 shares of the credit services provider's stock valued at $3,649,000 after purchasing an additional 11,180 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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