Enova International (NYSE:ENVA) Hits New 52-Week High - Here's What Happened

Enova International, Inc. (NYSE:ENVA - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $118.22 and last traded at $116.87, with a volume of 81362 shares changing hands. The stock had previously closed at $115.85.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ENVA. JMP Securities reissued a "market outperform" rating and issued a $135.00 target price on shares of Enova International in a research report on Wednesday, April 30th. Seaport Res Ptn raised Enova International to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, TD Cowen raised Enova International from a "hold" rating to a "buy" rating and set a $17.00 price target on the stock in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $111.00.

Enova International Price Performance

The company's fifty day moving average is $99.14 and its two-hundred day moving average is $99.73. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 13.81 and a beta of 1.48. The company has a current ratio of 18.55, a quick ratio of 18.55 and a debt-to-equity ratio of 3.14.

Enova International (NYSE:ENVA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.77 by $0.21. Enova International had a return on equity of 21.79% and a net margin of 8.38%. The firm had revenue of $745.54 million for the quarter, compared to analyst estimates of $734.14 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. Enova International's revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, research analysts predict that Enova International, Inc. will post 10.31 earnings per share for the current year.

Insider Activity at Enova International

In other Enova International news, CEO David Fisher sold 2,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $98.42, for a total value of $196,840.00. Following the completion of the transaction, the chief executive officer directly owned 348,223 shares of the company's stock, valued at approximately $34,272,107.66. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Sean Rahilly sold 9,046 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $95.05, for a total transaction of $859,822.30. Following the completion of the transaction, the general counsel directly owned 103,842 shares of the company's stock, valued at approximately $9,870,182.10. This trade represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,046 shares of company stock valued at $1,253,962. 8.40% of the stock is owned by company insiders.

Institutional Trading of Enova International

Several large investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Enova International by 238.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider's stock worth $7,650,000 after acquiring an additional 48,350 shares during the last quarter. Amundi acquired a new position in shares of Enova International in the 1st quarter valued at $1,886,000. Baird Financial Group Inc. boosted its holdings in shares of Enova International by 2.1% in the 1st quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock valued at $14,935,000 after purchasing an additional 3,162 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Enova International by 430.1% in the 1st quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider's stock valued at $2,486,000 after purchasing an additional 20,889 shares during the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Enova International by 91.6% in the 1st quarter. Martingale Asset Management L P now owns 36,628 shares of the credit services provider's stock valued at $3,537,000 after purchasing an additional 17,514 shares during 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.