Enova International (NYSE:ENVA) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Seaport Res Ptn upgraded shares of Enova International (NYSE:ENVA - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Maxim Group lifted their price target on shares of Enova International from $108.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Stephens lifted their target price on Enova International from $115.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. TD Cowen upgraded shares of Enova International from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and set a $135.00 target price on shares of Enova International in a report on Wednesday, April 30th. Finally, BTIG Research upped their price objective on shares of Enova International from $122.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $111.00.

Enova International Price Performance

NYSE ENVA traded down $0.78 on Wednesday, hitting $96.52. The stock had a trading volume of 49,146 shares, compared to its average volume of 254,944. The company has a debt-to-equity ratio of 2.98, a quick ratio of 15.82 and a current ratio of 9.52. Enova International has a 52-week low of $57.46 and a 52-week high of $117.56. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.96 and a beta of 1.43. The firm has a 50-day moving average of $94.55 and a 200-day moving average of $100.04.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.21. Enova International had a return on equity of 19.94% and a net margin of 7.88%. The business had revenue of $745.54 million during the quarter, compared to analysts' expectations of $734.14 million. During the same quarter last year, the business posted $1.91 EPS. The business's revenue was up 22.2% on a year-over-year basis. Equities analysts expect that Enova International will post 10.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO David Fisher sold 2,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $98.65, for a total transaction of $197,300.00. Following the transaction, the chief executive officer now directly owns 348,223 shares in the company, valued at $34,352,198.95. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Sean Rahilly sold 9,046 shares of the firm's 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 sale, the general counsel now owns 103,842 shares of the company's stock, valued at approximately $9,870,182.10. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,046 shares of company stock worth $1,565,872 in the last 90 days. Company insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Enova International

Large investors have recently made changes to their positions in the stock. Amundi purchased a new stake in shares of Enova International in the 1st quarter worth about $1,886,000. Baird Financial Group Inc. raised its position in Enova International by 2.1% during the first quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock worth $14,935,000 after acquiring an additional 3,162 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Enova International by 430.1% in the first 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 in the last quarter. Martingale Asset Management L P grew its position in shares of Enova International by 91.6% in the first 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. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Enova International during the 1st quarter worth approximately $56,000. 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.