Several other equities research analysts also recently weighed in on ENVA. BMO Capital Markets raised their target price on shares of Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. JMP Securities raised their target price on shares of Enova International from $62.00 to $73.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. TD Cowen began coverage on shares of Enova International in a research note on Wednesday, November 1st. They issued a “market perform” rating and a $45.00 target price for the company. Finally, TheStreet downgraded shares of Enova International from a “b” rating to a “c+” rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and an average target price of $60.00.
Enova International Price Performance
Enova International (NYSE:ENVA – Get Free Report) last released its quarterly earnings data 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. Enova International had a net margin of 8.27% and a return on equity of 15.84%. The firm had revenue of $583.59 million for the quarter, compared to the consensus estimate of $587.34 million. Sell-side analysts forecast that Enova International will post 7.45 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headinvest LLC purchased a new position in shares of Enova International in the third quarter worth $28,000. GAMMA Investing LLC purchased a new position in shares of Enova International in the fourth quarter worth $37,000. UniSuper Management Pty Ltd purchased a new position in shares of Enova International in the second quarter worth $101,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Enova International during the third quarter worth $117,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Enova International during the third quarter worth $181,000. Hedge funds and other institutional investors own 90.32% of the company’s stock.
Enova International Company Profile
Enova International, Inc operates as a financial services company with online lending that serves small businesses and consumers who are underserved by traditional banks. The company offers 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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