Enova International (NYSE:ENVA) Price Target Raised to $78.00 at Maxim Group

Enova International (NYSE:ENVA) had its price target upped by Maxim Group from $70.00 to $78.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. Maxim Group’s price target would indicate a potential upside of 23.36% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. TheStreet cut shares of Enova International from a “b” rating to a “c+” rating in a research report on Tuesday, January 30th. StockNews.com cut shares of Enova International from a “buy” rating to a “hold” rating in a research report on Wednesday. JMP Securities lifted their price objective on shares of Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on shares of Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.60.

Enova International Price Performance

Shares of ENVA opened at $63.23 on Thursday. The company has a current ratio of 9.37, a quick ratio of 10.27 and a debt-to-equity ratio of 2.64. The company’s fifty day simple moving average is $61.66 and its 200 day simple moving average is $53.79. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 11.37 and a beta of 1.55.

Enova International (NYSE:ENVA) last released its quarterly earnings data 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. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The firm had revenue of $583.59 million during the quarter, compared to analysts’ expectations of $587.34 million. On average, research analysts forecast that Enova International will post 7.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the sale, the chief financial officer now owns 150,025 shares of the company’s stock, valued at $8,417,902.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, General Counsel Sean Rahilly sold 6,043 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $60.00, for a total value of $362,580.00. Following the completion of the transaction, the general counsel now owns 101,949 shares of the company’s stock, valued at $6,116,940. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $56.11, for a total value of $984,618.28. Following the completion of the transaction, the chief financial officer now directly owns 150,025 shares of the company’s stock, valued at approximately $8,417,902.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,938 shares of company stock valued at $1,799,557. 7.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headinvest LLC acquired a new position in Enova International in the third quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in Enova International during the fourth quarter worth about $37,000. Counterpoint Mutual Funds LLC acquired a new position in Enova International during the third quarter worth about $117,000. Handelsbanken Fonder AB acquired a new position in Enova International during the fourth quarter worth about $216,000. Finally, Quantbot Technologies LP raised its stake in Enova International by 75.1% during the third quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after acquiring an additional 4,417 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.