StockNews.com Lowers Enova International (NYSE:ENVA) to Hold

Enova International (NYSE:ENVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other research firms have also weighed in on ENVA. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. BMO Capital Markets upped their price objective on Enova International from $57.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. JMP Securities upped their price objective on Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Enova International has an average rating of “Hold” and a consensus target price of $64.25.

Enova International Trading Down 1.2 %

NYSE:ENVA traded down $0.78 during trading hours on Wednesday, reaching $63.54. 358,132 shares of the stock were exchanged, compared to its average volume of 260,854. The company has a quick ratio of 10.27, a current ratio of 10.27 and a debt-to-equity ratio of 2.37. The business has a 50-day moving average of $61.53 and a two-hundred day moving average of $53.64. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.59 and a beta of 1.55.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Enova International had a return on equity of 15.84% and a net margin of 8.27%. The company had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. On average, equities analysts predict that Enova International will post 7.39 EPS for the current year.

Insider Transactions at Enova International

In other news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total transaction of $310,600.00. Following the sale, the director now owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Sean Rahilly sold 6,043 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total transaction of $362,580.00. Following the transaction, the general counsel now owns 101,949 shares of the company’s stock, valued at $6,116,940. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linda Johnson Rice sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now directly owns 9,182 shares in the company, valued at approximately $570,385.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,938 shares of company stock worth $1,799,557. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of hedge funds and other institutional investors have recently made changes to their positions in ENVA. Headinvest LLC purchased a new position in shares of Enova International during the third quarter worth about $28,000. GAMMA Investing LLC purchased a new position in shares of Enova International during the fourth quarter worth about $37,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Enova International during the third quarter worth about $117,000. Handelsbanken Fonder AB purchased a new position in shares of Enova International during the fourth quarter worth about $216,000. Finally, Quantbot Technologies LP grew its holdings in shares of Enova International by 75.1% during the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after buying an additional 4,417 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.