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

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

A number of other analysts also recently commented on the company. JMP Securities boosted their target price on Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research report on Wednesday. TheStreet downgraded 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 company a “market perform” rating in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group upped 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.60.

Enova International Stock Down 1.8 %

ENVA opened at $62.42 on Wednesday. The business’s fifty day moving average is $61.59 and its two-hundred day moving average is $53.70. The company has a debt-to-equity ratio of 2.37, a quick ratio of 10.27 and a current ratio of 10.27. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 11.23 and a beta of 1.55. Enova International has a one year low of $35.30 and a one year high of $65.00.

Enova International (NYSE:ENVA) last posted its 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. The company had revenue of $583.59 million for the quarter, compared to the consensus estimate of $587.34 million. Enova International had a return on equity of 15.45% and a net margin of 7.69%. Analysts anticipate that Enova International will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 5,000 shares of the 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 transaction, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Enova International news, CFO Steven E. Cunningham sold 17,548 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was 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 directly owns 150,025 shares in the company, valued at $8,417,902.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 5,000 shares of the company’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 sale, the director now owns 9,182 shares of the company’s stock, valued at $570,385.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,938 shares of company stock worth $1,799,557. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enova International

A number of large investors have recently modified their holdings of the stock. Orchard Capital Management LLC grew its stake in shares of Enova International by 30.0% in the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares in the last quarter. Foundry Partners LLC boosted its holdings in Enova International by 7.3% in the fourth quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after purchasing an additional 9,357 shares during the last quarter. Denali Advisors LLC boosted its holdings in Enova International by 3.3% in the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 2,800 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Enova International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Enova International in the third quarter valued at about $928,000. Institutional investors and hedge funds 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.