Enova International (NYSE:ENVA) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Enova International (NYSE:ENVAFree Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts have also recently issued reports about the company. JMP Securities lifted their price target on Enova International from $62.00 to $73.00 and gave the company a market outperform rating in a research report on Wednesday, January 31st. TheStreet cut Enova International from a b rating to a c+ rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets lifted their target price on Enova International from $57.00 to $59.00 and gave the stock a market perform rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Enova International has an average rating of Moderate Buy and a consensus target price of $60.00.

Check Out Our Latest Stock Analysis on ENVA

Enova International Stock Down 3.2 %

Shares of Enova International stock opened at $61.01 on Friday. The business’s fifty day moving average price is $58.94 and its two-hundred day moving average price is $51.67. 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 company has a market capitalization of $1.82 billion, a P/E ratio of 11.13 and a beta of 1.56. Enova International has a 1-year low of $35.30 and a 1-year high of $64.51.

Enova International (NYSE:ENVAGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, research analysts forecast that Enova International will post 7.39 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 17,548 shares of Enova International 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 transaction, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 6,043 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $60.00, for a total value of $362,580.00. Following the transaction, the general counsel now directly owns 101,949 shares in the company, valued at $6,116,940. The disclosure for this sale can be found here. Insiders have sold 30,938 shares of company stock worth $1,799,557 in the last three months. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC purchased a new position in Enova International in the third quarter valued at about $117,000. Jackson Creek Investment Advisors LLC acquired a new position in Enova International in the third quarter worth approximately $928,000. Headinvest LLC acquired a new position in Enova International in the third quarter worth approximately $28,000. Denali Advisors LLC raised its position in Enova International by 3.3% during the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in Enova International by 7.6% in the third quarter. Foundry Partners LLC now owns 128,551 shares of the credit services provider’s stock valued at $6,539,000 after acquiring an additional 9,125 shares during the last quarter. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

About Enova International

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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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