Enova International (NYSE:ENVA) Reaches New 52-Week High - Should You Buy?

Key Points

• Enova International reached a new 52-week high, trading at $119.94, with a market capitalization of $2.99 billion.
• Analysts have a consensus rating of "Buy" for Enova, with a strong buy rating from Seaport Res Ptn and a price target of $135.00 from JMP Securities.
• Recent insider selling included CFO Steven E. Cunningham selling 26,310 shares, reducing his stake by 16.71%, and indicating a total insider ownership of 8.40%.

Enova International, Inc. (NYSE:ENVA - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $119.94 and last traded at $119.38, with a volume of 49254 shares traded. The stock had previously closed at $118.57.

Analyst Upgrades and Downgrades

Several research firms recently commented on ENVA. Seaport Res Ptn upgraded shares of Enova International to a "strong-buy" rating in a research report on Wednesday, May 14th. JMP Securities reiterated a "market outperform" rating and issued a $135.00 price objective on shares of Enova International in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $111.00.

Enova International Stock Performance

The company has a market capitalization of $2.99 billion, a PE ratio of 12.67 and a beta of 1.48. The company has a debt-to-equity ratio of 3.23, a quick ratio of 18.15 and a current ratio of 18.15. The stock's fifty day simple moving average is $109.15 and its 200-day simple moving average is $100.81.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The credit services provider reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.23. The business 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 company's revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 EPS. As a group, equities analysts predict that Enova International, Inc. will post 10.31 earnings per share for the current year.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 26,310 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.72, for a total value of $2,781,493.20. Following the transaction, the chief financial officer owned 131,157 shares in the company, valued at approximately $13,865,918.04. This trade represents a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Joseph Lee sold 478 shares of Enova International stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.61, for a total transaction of $50,481.58. Following the sale, the chief accounting officer owned 19,751 shares in the company, valued at $2,085,903.11. This represents a 2.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,788 shares of company stock worth $3,604,965. Company insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Enova International

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Enova International by 15,008.8% during the first quarter. GAMMA Investing LLC now owns 166,952 shares of the credit services provider's stock valued at $16,121,000 after purchasing an additional 165,847 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Enova International during the 2nd quarter worth about $11,152,000. CSM Advisors LLC acquired a new stake in Enova International during the 2nd quarter worth about $5,974,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Enova International by 238.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider's stock valued at $7,650,000 after acquiring an additional 48,350 shares in the last quarter. Finally, CX Institutional grew its stake in Enova International by 151.5% during the 2nd quarter. CX Institutional now owns 67,538 shares of the credit services provider's stock valued at $7,532,000 after acquiring an additional 40,681 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.