Wall Street Zen Downgrades Enova International (NYSE:ENVA) to Buy

Key Points

• Wall Street Zen downgraded Enova International from “strong buy” to “buy,” though the broader analyst consensus remains “Buy” with an average price target of $247.83.
• Enova reported quarterly adjusted earnings of $4.31 per share, beating estimates by $0.32, while revenue rose 21.6% year over year to $928.93 million.
• The stock recently traded at $243.24, up 2.5%, near its 52-week high of $267.45; meanwhile, insiders sold approximately $12.2 million in shares over the past 90 days.

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

ENVA has been the subject of a number of other reports. BTIG Research boosted their price objective on Enova International from $199.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Jefferies Financial Group lifted their price target on shares of Enova International from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Stephens upped their price objective on shares of 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 a "market outperform" rating on shares of Enova International in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Enova International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, Enova International presently has a consensus rating of "Buy" and a consensus target price of $247.83.

Enova International Trading Up 2.5%

ENVA stock opened at $243.24 on Friday. Enova International has a 52-week low of $103.02 and a 52-week high of $267.45. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. The firm has a market cap of $6.06 billion, a P/E ratio of 18.03 and a beta of 1.22. The company's 50-day simple moving average is $236.77 and its 200-day simple moving average is $182.92.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.23 EPS. As a group, equities analysts forecast that Enova International will post 16.3 EPS for the current fiscal year.

Insider Transactions at Enova International

In other news, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares of the company's stock, valued at $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William M. Goodyear sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the sale, the director owned 50,820 shares of the company's stock, valued at $9,555,176.40. The trade was a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,543 shares of company stock valued at $12,242,070 over the last ninety days. Insiders own 8.40% of the company's stock.

Institutional Investors Weigh In On Enova International

Large investors have recently modified their holdings of the business. McIlrath & Eck LLC purchased a new position in shares of Enova International in the first quarter worth about $34,000. Farther Finance Advisors LLC grew its stake in Enova International by 26.9% during the 4th 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 grew its stake in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider's stock valued at $50,000 after acquiring an additional 350 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider's stock valued at $56,000 after acquiring an additional 152 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider's stock valued at $65,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company's stock.

About Enova International

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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