Enova International (NYSE:ENVA) Reaches New 1-Year High at $64.86

Shares of Enova International, Inc. (NYSE:ENVA) reached a new 52-week high on Tuesday . The stock traded as high as $64.86 and last traded at $64.32, with a volume of 403222 shares traded. The stock had previously closed at $61.23.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Maxim Group boosted their target price on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday. TheStreet lowered Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. StockNews.com lowered Enova International from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, JMP Securities upped their price target on shares of Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.60.

Enova International Stock Down 1.8 %

The company has a debt-to-equity ratio of 2.37, a current ratio of 10.27 and a quick ratio of 10.27. The firm has a 50-day moving average of $61.59 and a 200 day moving average of $53.70. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 11.23 and a beta of 1.55.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. Enova International had a net margin of 7.69% and a return on equity of 15.45%. As a group, sell-side analysts forecast that Enova International, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Linda Johnson Rice sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the transaction, the director now directly owns 9,182 shares of the company’s stock, valued at $570,385.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,938 shares of company stock worth $1,799,557. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of hedge funds have recently added to or reduced their stakes in the stock. Headinvest LLC bought a new stake in shares of Enova International during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of Enova International in the 4th quarter valued at $37,000. Counterpoint Mutual Funds LLC bought a new position in shares of Enova International in the 3rd quarter valued at $117,000. Handelsbanken Fonder AB acquired a new position in shares of Enova International during the 4th quarter worth $216,000. Finally, Quantbot Technologies LP lifted its position in shares of Enova International by 75.1% during the 3rd 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. 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.