California State Teachers Retirement System Buys 6,205 Shares of Enova International, Inc. $ENVA

Key Points

• California State Teachers Retirement System increased its Enova International stake by 26.7%, purchasing 6,205 additional shares to own 29,411 shares valued at approximately $3.995 million. Institutional investors and hedge funds collectively own 89.43% of the company.
• Analysts remain bullish on Enova, with the stock carrying a consensus “Buy” rating and an average price target of $247.83. BTIG and Jefferies recently raised their targets to $270 and $280, respectively.
• Enova exceeded quarterly expectations, reporting $4.31 in earnings per share versus a $3.99 estimate and $928.93 million in revenue, up 21.6% year over year. However, company insiders sold 79,030 shares worth about $14.9 million during the latest quarter.

California State Teachers Retirement System lifted its stake in shares of Enova International, Inc. (NYSE:ENVA - Free Report) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,411 shares of the credit services provider's stock after purchasing an additional 6,205 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Enova International worth $3,995,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider's stock valued at $47,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 350 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider's stock worth $65,000 after purchasing an additional 451 shares during the last quarter. Strs Ohio increased its position in shares of Enova International by 233.3% during the fourth quarter. Strs Ohio now owns 1,000 shares of the credit services provider's stock valued at $157,000 after acquiring an additional 700 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Enova International during the fourth quarter valued at approximately $254,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup reissued a "market outperform" rating on shares of Enova International in a report on Friday, July 24th. BTIG Research boosted their target price on shares of Enova International from $199.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of Enova International in a research report on Friday, July 17th. Jefferies Financial Group lifted their price target on shares of Enova International from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Finally, Maxim Group increased their price objective on Enova International from $191.00 to $200.00 and gave the company a "buy" rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $247.83.

Enova International Stock Performance

Shares of ENVA stock opened at $252.30 on Friday. The firm's 50 day moving average is $220.25 and its 200 day moving average is $176.14. The stock has a market capitalization of $6.28 billion, a P/E ratio of 18.70 and a beta of 1.22. Enova International, Inc. has a 12 month low of $102.75 and a 12 month high of $265.54. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA - Get Free Report) last posted its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. During the same quarter in the prior year, the business posted $3.23 earnings per share. The business's quarterly revenue was up 21.6% on a year-over-year basis. On average, sell-side analysts anticipate that Enova International, Inc. will post 16.3 earnings per share for the current year.

Insiders Place Their Bets

In other Enova International news, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the completion of the transaction, the chairman owned 306,444 shares of the company's stock, valued at $60,997,678.20. The trade was a 9.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William M. Goodyear sold 6,231 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $166.08, for a total transaction of $1,034,844.48. Following the completion of the transaction, the director owned 68,740 shares of the company's stock, valued at $11,416,339.20. This trade represents a 8.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 79,030 shares of company stock worth $14,915,763 in the last quarter. 8.40% of the stock is owned by company insiders.

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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