Enova International (NYSE:ENVA) PT Raised to $93.00 at JMP Securities

Enova International (NYSE:ENVA) had its target price increased by stock analysts at JMP Securities from $78.00 to $93.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price points to a potential upside of 14.53% from the stock’s previous close.

Other analysts have also issued research reports about the stock. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their price objective on shares of Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their target price on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Maxim Group upped their target price on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.80.

Enova International Stock Performance

ENVA opened at $81.20 on Wednesday. Enova International has a 1-year low of $35.30 and a 1-year high of $81.52. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 14.60 and a beta of 1.45. The company’s fifty day moving average price is $63.11 and its two-hundred day moving average price is $61.03. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. On average, analysts expect that Enova International will post 7.32 EPS for the current fiscal year.

Insider Activity

In related news, Director Linda Johnson Rice sold 1,750 shares of Enova International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $63.02, for a total value of $110,285.00. Following the sale, the director now owns 10,186 shares of the company’s stock, valued at approximately $641,921.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Kirk Chartier sold 41,303 shares of Enova International stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.16, for a total value of $2,484,788.48. Following the completion of the transaction, the insider now owns 117,422 shares in the company, valued at $7,064,107.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $63.02, for a total transaction of $110,285.00. Following the completion of the sale, the director now directly owns 10,186 shares in the company, valued at approximately $641,921.72. The disclosure for this sale can be found here. Insiders sold 93,053 shares of company stock valued at $5,732,873 in the last three months. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENVA. Orchard Capital Management LLC grew its position 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 purchasing an additional 53,647 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 32,779 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enova International during the fourth quarter valued at about $957,000. Foundry Partners LLC lifted its holdings in shares of Enova International by 11.3% in the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after buying an additional 15,519 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Enova International in the fourth quarter valued at approximately $216,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

About Enova International

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.