Enova International (NYSE:ENVA) Reaches New 52-Week High – Time to Buy?

Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $204.06 and last traded at $203.00, with a volume of 523268 shares. The stock had previously closed at $202.55.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENVA. Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Friday, April 24th. TD Cowen boosted their target price on Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Stephens raised their price objective on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $198.80.

Enova International Stock Up 3.1%

The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 17.09 and a beta of 1.28. The firm’s 50 day simple moving average is $171.22 and its 200-day simple moving average is $157.41.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The company had revenue of $875.14 million for the quarter, compared to analyst estimates of $854.52 million. During the same quarter last year, the company posted $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 anticipate that Enova International, Inc. will post 15.37 earnings per share for the current year.

Insider Transactions at Enova International

In other news, Director William M. Goodyear sold 6,231 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $166.08, for a total transaction of $1,034,844.48. Following the transaction, the director directly owned 68,740 shares in the company, valued at approximately $11,416,339.20. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven E. Cunningham sold 7,852 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer owned 122,945 shares in the company, valued at approximately $21,576,847.50. This trade represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 106,882 shares of company stock worth $19,757,389. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Enova International

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake 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 worth $21,847,000 after buying an additional 134,393 shares during the period. Informed Momentum Co LLC acquired a new position in Enova International in the 4th quarter valued at about $6,243,000. Marshall Wace LLP acquired a new position in Enova International in the 4th quarter valued at about $4,412,000. Geode Capital Management LLC raised its stake in Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock valued at $96,095,000 after acquiring an additional 18,258 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Enova International during the 4th quarter valued at approximately $1,851,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

About Enova International

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.