Enova International (NYSE:ENVA) Earns “Buy (B-)” Rating from Weiss Ratings

Enova International (NYSE:ENVA)‘s stock had its “buy (b-)” rating reissued by Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

A number of other equities analysts have also commented on the company. JMP Securities boosted their price objective on Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday. Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, BTIG Research boosted their price objective on Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $116.80.

Enova International Stock Up 9.5%

NYSE ENVA opened at $124.91 on Friday. The stock’s 50 day moving average is $115.96 and its two-hundred day moving average is $106.25. The company has a current ratio of 9.62, a quick ratio of 18.15 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 11.48 and a beta of 1.49. Enova International has a 1-year low of $79.41 and a 1-year high of $130.34.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, beating the consensus estimate of $3.03 by $0.33. Enova International had a return on equity of 24.50% and a net margin of 9.64%.The business had revenue of $802.68 million for the quarter, compared to analyst estimates of $806.63 million. During the same quarter in the previous year, the firm earned $2.45 EPS. Enova International’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that Enova International will post 10.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total value of $2,781,493.20. Following the completion of the sale, the chief financial officer directly owned 131,157 shares in the company, valued at $13,865,918.04. This represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Fisher sold 6,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $125.89, for a total transaction of $755,340.00. Following the sale, the chief executive officer directly owned 348,223 shares of the company’s stock, valued at $43,837,793.47. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,788 shares of company stock valued at $11,009,765. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several hedge funds have recently modified their holdings of ENVA. Pacer Advisors Inc. bought a new position in Enova International during the third quarter worth about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 350 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Enova International during the 1st quarter worth approximately $56,000. MTM Investment Management LLC acquired a new position in shares of Enova International during the 2nd quarter worth approximately $102,000. Finally, GAMMA Investing LLC increased its holdings in shares of Enova International by 56.5% during the 1st quarter. GAMMA Investing LLC now owns 1,729 shares of the credit services provider’s stock worth $167,000 after acquiring an additional 624 shares during the last quarter. Institutional investors 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.