Enova International (NYSE:ENVA) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• Enova International's stock retains a buy (B-) rating from Weiss Ratings, while Zacks Research downgraded it from a strong buy to a hold rating.
• In its latest quarterly earnings report, Enova International exceeded expectations by reporting $3.23 EPS and a revenue increase of 21.6% year-over-year.
• Institutional investors now own 89.43% of Enova International's stock, with several recently increasing their holdings significantly.

Enova International (NYSE:ENVA - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research lowered Enova International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.00.

Enova International Stock Down 0.3%

Shares of NYSE ENVA opened at $108.28 on Wednesday. The company has a current ratio of 18.15, a quick ratio of 18.15 and a debt-to-equity ratio of 3.23. The stock has a market capitalization of $2.71 billion, a PE ratio of 11.49 and a beta of 1.49. The stock's fifty day simple moving average is $114.62 and its two-hundred day simple moving average is $104.80. Enova International has a 12-month low of $79.41 and a 12-month high of $130.34.

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

Insider Activity

In other Enova International news, CAO James Joseph Lee sold 478 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total value of $50,481.58. Following the sale, the chief accounting officer owned 19,751 shares of the company's stock, valued at $2,085,903.11. The trade was 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 available through this link. Also, CFO Steven E. Cunningham sold 26,310 shares of the business'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 completion of the sale, the chief financial officer directly owned 131,157 shares in the company, valued at approximately $13,865,918.04. The trade was a 16.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,788 shares of company stock valued at $11,585,915. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

A number of large investors have recently modified their holdings of ENVA. GAMMA Investing LLC grew its stake in shares of Enova International by 56.5% during the first quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock worth $167,000 after purchasing an additional 624 shares in the last quarter. Jump Financial LLC grew its stake in shares of Enova International by 430.1% during the first quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider's stock worth $2,486,000 after purchasing an additional 20,889 shares in the last quarter. Amundi acquired a new position in shares of Enova International during the first quarter worth $1,886,000. Baird Financial Group Inc. boosted its stake in Enova International by 2.1% in the first quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock valued at $14,935,000 after acquiring an additional 3,162 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Enova International in the first quarter valued at $824,000. Hedge funds and other institutional investors own 89.43% of the company's stock.

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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