Enova International (NYSE:ENVA) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Enova from a "buy" to a "strong-buy," joining other analysts who have raised price targets (consensus target ~$198.80, with Stephens at $210 and several $195–$199 targets).
• Q1 results beat expectations: EPS $3.87 vs. $3.66 est. and revenue $875.1M vs. $854.5M, with revenue up 17.4% year-over-year and ROE 25.9%.
• Insider selling noted: the CEO sold 7,852 shares and insiders disposed of ~54,994 shares (~$9.33M) in the last 90 days, while insiders still own 8.4% and institutional ownership is ~89.4%.

Enova International (NYSE:ENVA - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

Several other research analysts have also recently commented on ENVA. Stephens raised their target price on Enova International from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. Citigroup reaffirmed an "outperform" rating on shares of Enova International in a research report on Friday, April 24th. Zacks Research raised Enova International from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 30th. BTIG Research reaffirmed a "buy" rating and issued a $199.00 target price on shares of Enova International in a research report on Thursday, April 23rd. Finally, Citizens Jmp raised their target price on Enova International from $182.00 to $195.00 and gave the stock a "market outperform" rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $198.80.

Enova International Trading Up 1.0%

Shares of Enova International stock opened at $171.06 on Friday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 13.85 and a beta of 1.32. Enova International has a 1 year low of $89.00 and a 1 year high of $176.68. The company's fifty day simple moving average is $145.79 and its 200-day simple moving average is $143.85. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45.

Enova International (NYSE:ENVA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.66 by $0.21. The firm had revenue of $875.14 million during the quarter, compared to analysts' expectations of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.Enova International's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $2.98 earnings per share. As a group, sell-side analysts expect that Enova International will post 15.37 EPS for the current year.

Insider Buying and Selling

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of Enova International stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the completion of the transaction, the chief executive officer directly owned 122,945 shares of the company's stock, valued at approximately $21,576,847.50. This trade represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Tebbe sold 20,000 shares of Enova International stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $172.24, for a total value of $3,444,800.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,994 shares of company stock valued at $9,331,261 in the last ninety days. Insiders own 8.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in shares of Enova International during the third quarter valued at $28,000. Bessemer Group Inc. lifted its holdings in shares of Enova International by 174.2% during the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 162 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Enova International during the fourth quarter valued at $31,000. Strs Ohio bought a new position in shares of Enova International in the third quarter valued at about $35,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider's stock valued at $47,000 after buying an additional 64 shares during the last quarter. 89.43% of the stock is owned by institutional investors.

Enova International Company Profile

Enova International, Inc NYSE: ENVA is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.

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