Zacks Research Downgrades Enova International (NYSE:ENVA) to Hold

Key Points

• Enova International's stock has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating.
• The company's quarterly earnings beat analysts' expectations with an EPS of $3.23 and a 21.6% increase in revenue year-over-year.
• Significant insider trading activity occurred, with CFO Steven E. Cunningham selling over 26,000 shares of the stock recently.

Enova International (NYSE:ENVA - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

Enova International Stock Performance

Shares of ENVA stock opened at $121.96 on Thursday. The company has a debt-to-equity ratio of 3.23, a current ratio of 18.15 and a quick ratio of 18.15. The stock has a market cap of $3.05 billion, a PE ratio of 12.95 and a beta of 1.52. The stock has a 50-day moving average of $114.07 and a 200-day moving average of $103.71. Enova International has a one year low of $79.41 and a one year high of $130.34.

Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The credit services provider reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.23. The company had revenue of $764.04 million during the quarter, compared to analysts' expectations of $756.69 million. Enova International had a return on equity of 23.33% and a net margin of 8.75%.Enova International's revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 EPS. As a group, sell-side analysts expect that Enova International will post 10.31 earnings per share for the current year.

Insider Activity at Enova International

In other Enova International news, CAO James Joseph Lee sold 478 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $105.61, for a total transaction of $50,481.58. Following the completion of the transaction, the chief accounting officer owned 19,751 shares of the company's stock, valued at $2,085,903.11. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven E. Cunningham sold 26,310 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the sale, the chief financial officer directly owned 131,157 shares of the company's stock, valued at approximately $13,865,918.04. The trade was a 16.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 97,788 shares of company stock worth $11,585,915. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Enova International by 56.5% during the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider's stock worth $167,000 after buying an additional 624 shares during the period. Jump Financial LLC increased its position in Enova International by 430.1% during the 1st quarter. Jump Financial LLC now owns 25,746 shares of the credit services provider's stock worth $2,486,000 after buying an additional 20,889 shares during the period. Amundi bought a new position in Enova International during the 1st quarter worth $1,886,000. Baird Financial Group Inc. increased its position in Enova International by 2.1% during the 1st quarter. Baird Financial Group Inc. now owns 154,674 shares of the credit services provider's stock worth $14,935,000 after buying an additional 3,162 shares during the period. Finally, SG Americas Securities LLC bought a new position in Enova International during the 1st quarter worth $824,000. Institutional investors own 89.43% of the company's stock.

About Enova International

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.

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