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

StockNews.com downgraded shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a report released on Tuesday.

Other research analysts have also recently issued reports about the company. Janney Montgomery Scott cut Enova International from a buy rating to a neutral rating in a research note on Monday, August 26th. TD Cowen increased their target price on Enova International from $70.00 to $76.00 and gave the company a hold rating in a research report on Wednesday, July 24th. JMP Securities boosted their price target on Enova International from $78.00 to $93.00 and gave the stock a market outperform rating in a report on Wednesday, July 24th. Finally, BTIG Research assumed coverage on Enova International in a research note on Wednesday, August 14th. They issued a buy rating and a $90.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $79.00.

Enova International Stock Down 0.2 %

Shares of NYSE ENVA opened at $84.02 on Tuesday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 15.11 and a beta of 1.43. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International has a 12 month low of $35.30 and a 12 month high of $88.42. The stock has a 50-day moving average price of $81.15 and a two-hundred day moving average price of $69.64.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $628.44 million during 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 16.53%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. As a group, analysts forecast that Enova International will post 7.79 earnings per share for the current fiscal year.

Enova International announced that its board has approved a share repurchase plan on Monday, August 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total value of $834,600.00. Following the transaction, the chief executive officer now owns 423,239 shares in the company, valued at $35,323,526.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Johnson Rice sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total value of $238,383.00. Following the sale, the director now owns 7,486 shares of the company’s stock, valued at approximately $660,938.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,725 shares of company stock valued at $4,690,053. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Enova International

Hedge funds have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after buying an additional 200 shares in the last quarter. USA Financial Formulas bought a new position in Enova International during the third quarter worth $76,000. GAMMA Investing LLC boosted its stake in Enova International by 24.6% during the third quarter. GAMMA Investing LLC now owns 1,065 shares of the credit services provider’s stock worth $89,000 after acquiring an additional 210 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Enova International in the third quarter worth $772,000. Finally, Smith Shellnut Wilson LLC ADV bought a new stake in Enova International in the second quarter valued at $235,000. 89.43% of the stock is currently owned by institutional investors.

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.