Enova International (NYSE:ENVA) Receives Equal Weight Rating from Stephens

Last updated on Monday, April 19, 2021 | 2021 MarketBeat

Enova International (NYSE:ENVA)'s stock had its "equal weight" rating restated by analysts at Stephens in a research note issued on Monday, Benzinga reports. They presently have a $44.00 price objective on the credit services provider's stock, up from their prior price objective of $32.00. Stephens' price objective points to a potential upside of 33.17% from the stock's previous close.

A number of other brokerages have also recently commented on ENVA. JMP Securities increased their price target on shares of Enova International from $38.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, March 30th. TheStreet upgraded shares of Enova International from a "c" rating to a "b-" rating in a research report on Thursday, December 24th. Finally, Zacks Investment Research upgraded shares of Enova International from a "hold" rating to a "buy" rating and set a $28.00 price target on the stock in a research report on Monday, January 11th.

NYSE ENVA opened at $33.04 on Monday. The company has a market cap of $1.21 billion, a PE ratio of 9.92 and a beta of 1.80. Enova International has a 52 week low of $9.43 and a 52 week high of $41.06. The company has a quick ratio of 13.65, a current ratio of 13.65 and a debt-to-equity ratio of 1.51. The firm's 50-day simple moving average is $35.26 and its two-hundred day simple moving average is $25.73.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, February 4th. The credit services provider reported $2.39 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.04 by $1.35. The company had revenue of $263.85 million for the quarter, compared to analysts' expectations of $278.32 million. Enova International had a net margin of 8.29% and a return on equity of 36.64%. As a group, equities research analysts anticipate that Enova International will post 5.81 EPS for the current year.

In related news, CEO David Fisher sold 27,951 shares of the firm's stock in a transaction on Monday, April 5th. The stock was sold at an average price of $35.77, for a total value of $999,807.27. Following the completion of the sale, the chief executive officer now owns 529,160 shares of the company's stock, valued at $18,928,053.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Gray sold 3,000 shares of the firm's stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $28.70, for a total value of $86,100.00. The disclosure for this sale can be found here. Insiders sold 69,574 shares of company stock worth $2,244,462 in the last 90 days. Company insiders own 7.50% of the company's stock.

A number of hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. purchased a new stake in Enova International in the first quarter worth $232,000. Carolina Wealth Advisors LLC purchased a new position in Enova International during the first quarter valued at $67,000. Everence Capital Management Inc. purchased a new position in Enova International during the first quarter valued at $258,000. Tudor Investment Corp Et Al lifted its position in Enova International by 9.3% during the fourth quarter. Tudor Investment Corp Et Al now owns 46,501 shares of the credit services provider's stock valued at $1,152,000 after buying an additional 3,946 shares during the period. Finally, American International Group Inc. lifted its position in Enova International by 15.1% during the fourth quarter. American International Group Inc. now owns 23,407 shares of the credit services provider's stock valued at $580,000 after buying an additional 3,068 shares during the period. 75.56% of the stock is owned by institutional investors.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; income share agreements; 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.

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