Zacks Investment Research lowered shares of Enova International (NYSE:ENVA) from a strong-buy rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
Other equities analysts have also recently issued research reports about the company. TheStreet raised Enova International from a c rating to a b- rating in a research note on Friday, April 27th. Maxim Group lifted their price target on Enova International from $27.00 to $32.00 and gave the stock a buy rating in a research note on Monday, April 30th. JMP Securities lifted their price target on Enova International from $24.00 to $30.00 and gave the stock a market outperform rating in a research note on Friday, April 27th. Finally, ValuEngine raised Enova International from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $28.40.
Shares of Enova International opened at $36.55 on Wednesday, Marketbeat reports. The company has a current ratio of 9.45, a quick ratio of 9.45 and a debt-to-equity ratio of 2.39. Enova International has a 52 week low of $11.15 and a 52 week high of $37.05. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 31.78 and a beta of 2.85.
Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, April 26th. The credit services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.68 by $0.34. The firm had revenue of $254.30 million for the quarter, compared to analysts’ expectations of $231.68 million. Enova International had a net margin of 4.78% and a return on equity of 20.25%. Enova International’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. analysts predict that Enova International will post 2.14 earnings per share for the current year.
In other Enova International news, Director James A. Gray sold 10,000 shares of Enova International stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $32.56, for a total transaction of $325,600.00. Following the transaction, the director now owns 38,520 shares of the company’s stock, valued at approximately $1,254,211.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg A. Kaplan sold 14,100 shares of Enova International stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $33.20, for a total value of $468,120.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,766 shares of company stock worth $2,573,645. Company insiders own 5.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. EAM Global Investors LLC purchased a new position in Enova International during the 1st quarter valued at about $1,174,000. Principal Financial Group Inc. grew its stake in shares of Enova International by 64.5% in the 1st quarter. Principal Financial Group Inc. now owns 455,849 shares of the credit services provider’s stock valued at $10,051,000 after buying an additional 178,766 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Enova International by 2.8% in the 1st quarter. Legal & General Group Plc now owns 62,471 shares of the credit services provider’s stock valued at $1,376,000 after buying an additional 1,710 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Enova International in the 1st quarter valued at approximately $4,670,000. Finally, Element Capital Management LLC bought a new stake in shares of Enova International in the 1st quarter valued at approximately $372,000. 91.53% of the stock is currently owned by institutional investors.
Enova International Company Profile
Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers through existing tools and technologies.
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