Enova International (NYSE:ENVA) Reaches New 1-Year High – What’s Next?

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $193.54 and last traded at $189.98, with a volume of 300 shares. The stock had previously closed at $189.33.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a report on Tuesday, April 21st. Citizens Jmp raised their price target on shares of Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a report on Friday, April 24th. TD Cowen raised their price target on shares of Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BTIG Research restated a “buy” rating and issued a $199.00 price target on shares of Enova International in a report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $198.80.

Enova International Price Performance

The stock has a market capitalization of $4.82 billion, a P/E ratio of 15.67 and a beta of 1.28. The business’s 50 day simple moving average is $165.15 and its two-hundred day simple moving average is $154.87. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 3.45.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. Enova International had a net margin of 9.95% and a return on equity of 25.89%. The firm had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. During the same period last year, the firm earned $2.98 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Enova International, Inc. will post 15.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Enova International

In other Enova International news, Director William M. Goodyear sold 6,231 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $166.08, for a total value of $1,034,844.48. Following the transaction, the director directly owned 68,740 shares of the company’s stock, valued at approximately $11,416,339.20. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David Fisher sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $173.18, for a total transaction of $3,463,600.00. Following the transaction, the chairman directly owned 306,444 shares in the company, valued at $53,069,971.92. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 53,822 shares of company stock valued at $9,149,396. Corporate insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENVA. SG Americas Securities LLC lifted its position in shares of Enova International by 2,933.1% during the fourth quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after purchasing an additional 134,393 shares in the last quarter. Informed Momentum Co LLC bought a new stake in Enova International in the fourth quarter worth about $6,243,000. Marshall Wace LLP bought a new stake in Enova International in the fourth quarter worth about $4,412,000. Geode Capital Management LLC raised its position in Enova International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after acquiring an additional 18,258 shares during the period. Finally, Legato Capital Management LLC bought a new stake in Enova International in the fourth quarter worth about $1,851,000. 89.43% of the stock is owned by institutional investors.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.