Enova International (NYSE:ENVA) Given Buy Rating at BTIG Research

Key Points

• BTIG reiterated a Buy rating on Enova International with a $199 price target, implying about a 17.8% upside; MarketBeat data shows a consensus Buy rating and a $188 consensus target.
• Enova topped expectations for the quarter, reporting EPS of $3.87 vs. $3.66 expected and revenue of $875.1M vs. $854.5M expected, with revenue up 17.4% year-over-year.
• Insiders have sold roughly 119,019 shares (about $19.75M) in the past 90 days—including sales by the chairman and a director—while insiders still own 8.40% of the stock and institutions hold about 89.43%.

Enova International (NYSE:ENVA - Get Free Report)'s stock had its "buy" rating restated by BTIG Research in a report released on Thursday,Benzinga reports. They currently have a $199.00 target price on the credit services provider's stock. BTIG Research's price target would indicate a potential upside of 17.79% from the stock's previous close.

ENVA has been the subject of several other research reports. Maxim Group set a $191.00 price target on shares of Enova International in a research report on Thursday, January 29th. Wall Street Zen lowered shares of Enova International from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 15th. TD Cowen restated a "buy" rating on shares of Enova International in a research report on Thursday, January 8th. Citizens Jmp upped their price target on shares of Enova International from $180.00 to $182.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Enova International from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $188.00.

Enova International Stock Up 0.5%

Enova International stock opened at $168.95 on Thursday. The company has a 50-day simple moving average of $143.60 and a 200-day simple moving average of $141.69. The firm has a market capitalization of $4.21 billion, a P/E ratio of 14.59 and a beta of 1.20. The company has a debt-to-equity ratio of 3.37, a quick ratio of 9.48 and a current ratio of 9.48. Enova International has a one year low of $89.00 and a one year high of $176.68.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.66 by $0.21. The business had revenue of $875.14 million during the quarter, compared to analyst estimates of $854.52 million. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.98 earnings per share. As a group, equities analysts expect that Enova International will post 14.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman David Fisher sold 7,143 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $149.49, for a total value of $1,067,807.07. Following the completion of the sale, the chairman owned 326,444 shares of the company's stock, valued at $48,800,113.56. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Tebbe sold 20,000 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $172.24, for a total transaction of $3,444,800.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 119,019 shares of company stock valued at $19,748,101. Corporate insiders own 8.40% of the company's stock.

Institutional Investors Weigh In On Enova International

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in Enova International in the fourth quarter worth about $31,000. Pacer Advisors Inc. acquired a new stake in Enova International in the third quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in Enova International by 174.2% in the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider's stock worth $30,000 after purchasing an additional 162 shares during the period. Strs Ohio acquired a new stake in Enova International in the third quarter worth about $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider's stock worth $47,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 89.43% of the company's stock.

Enova International Company Profile

Enova International, Inc NYSE: ENVA is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.

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