Enova International (NYSE:ENVA) Reaches New 12-Month High - Here's What Happened

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

Analyst Ratings Changes

A number of equities analysts recently commented on ENVA shares. Seaport Res Ptn raised Enova International to a "strong-buy" rating in a research note on Wednesday, May 14th. JMP Securities restated a "market outperform" rating and issued a $135.00 price target on shares of Enova International in a research report on Wednesday, April 30th. Finally, TD Cowen upgraded shares of Enova International from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Enova International has an average rating of "Buy" and an average target price of $111.00.

Enova International Trading Down 0.2%

The company has a debt-to-equity ratio of 3.14, a current ratio of 18.55 and a quick ratio of 18.55. The firm has a fifty day simple moving average of $98.65 and a 200-day simple moving average of $99.62. The firm has a market cap of $2.94 billion, a P/E ratio of 13.66 and a beta of 1.48.

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

Insider Transactions at Enova International

In related news, CEO David Fisher sold 2,000 shares of Enova International stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $98.42, for a total transaction of $196,840.00. Following the transaction, the chief executive officer owned 348,223 shares of the company's stock, valued at $34,272,107.66. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Sean Rahilly sold 9,046 shares of Enova International stock in a transaction on Monday, May 5th. The stock was sold at an average price of $95.05, for a total transaction of $859,822.30. Following the transaction, the general counsel directly owned 103,842 shares in the company, valued at $9,870,182.10. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,046 shares of company stock worth $1,253,962 in the last 90 days. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Enova International by 56.5% in the 1st 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 during the period. New Age Alpha Advisors LLC bought a new stake in shares of Enova International in the fourth quarter valued at $371,000. BNP Paribas Financial Markets lifted its position in shares of Enova International by 42.7% during the 4th quarter. BNP Paribas Financial Markets now owns 82,872 shares of the credit services provider's stock valued at $7,946,000 after buying an additional 24,806 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Enova International during the 1st quarter worth $824,000. Finally, Farther Finance Advisors LLC increased its holdings in Enova International by 672.9% in the 4th quarter. Farther Finance Advisors LLC now owns 371 shares of the credit services provider's stock worth $36,000 after acquiring an additional 323 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.