Enova International (NYSE:ENVA) Rating Lowered to Buy at Wall Street Zen

Key Points

• Wall Street Zen lowered Enova International from “strong-buy” to “buy”, though the broader analyst view remains positive with a consensus Buy rating and an average target price of $198.80.
• Enova reported better-than-expected quarterly results, posting EPS of $3.87 versus estimates of $3.66 and revenue of $875.14 million, up 17.4% year over year.
• The stock was trading near its 52-week high at $175.11, while insider selling continued, including a recent sale by CEO Steven E. Cunningham worth about $1.38 million.

Enova International (NYSE:ENVA - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Sunday.

Several other brokerages have also weighed in on ENVA. Stephens increased their price objective on shares of Enova International from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, April 24th. Citigroup reissued an "outperform" rating on shares of Enova International in a research note on Friday, April 24th. TD Cowen lifted their price objective on Enova International from $165.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Citizens Jmp upped their price objective on Enova International from $182.00 to $195.00 and gave the company a "market outperform" rating in a report on Friday, April 24th. Finally, Zacks Research upgraded Enova International from a "hold" rating to a "strong-buy" rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company's stock. Based on data from MarketBeat, Enova International has a consensus rating of "Buy" and a consensus target price of $198.80.

Enova International Trading Up 1.5%

ENVA stock opened at $175.11 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 14.18 and a beta of 1.32. Enova International has a twelve month low of $89.00 and a twelve month high of $176.68. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45. The business has a fifty day moving average of $147.68 and a 200-day moving average of $145.66.

Enova International (NYSE:ENVA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.21. The business had revenue of $875.14 million for the quarter, compared to analysts' expectations of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.98 earnings per share. As a group, equities research analysts expect that Enova International will post 15.37 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Steven E. Cunningham sold 7,852 shares of the firm's stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the sale, the chief executive officer owned 122,945 shares of the company's stock, valued at $21,576,847.50. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David Fisher sold 7,143 shares of Enova International 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 transaction, the chairman owned 326,444 shares in the company, valued at $48,800,113.56. This trade represents a 2.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in shares of Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider's stock worth $30,000 after acquiring an additional 162 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Enova International in the 4th quarter valued at $31,000. Strs Ohio acquired a new position in Enova International in the 3rd quarter worth $35,000. Farther Finance Advisors LLC increased its holdings in Enova International by 26.9% during the 4th 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock worth $50,000 after purchasing an additional 350 shares in the last quarter. Institutional investors 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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