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

Enova International, Inc. (NYSE:ENVA)’s stock price hit a new 52-week high on Thursday . The company traded as high as $130.46 and last traded at $128.1310, with a volume of 41009 shares. The stock had previously closed at $128.00.

Analysts Set New Price Targets

ENVA has been the topic of a number of research reports. BTIG Research increased their target price on shares of Enova International from $129.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a report on Wednesday, October 8th. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Finally, JMP Securities increased their price objective on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $116.80.

Enova International Stock Performance

The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 11.58 and a beta of 1.47. The company has a debt-to-equity ratio of 3.20, a quick ratio of 18.15 and a current ratio of 19.29. The company’s 50 day simple moving average is $117.48 and its 200 day simple moving average is $107.93.

Enova International (NYSE:ENVA) last released its 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. The firm had revenue of $460.71 million for the quarter, compared to analysts’ expectations of $806.63 million. Enova International had a net margin of 9.64% and a return on equity of 24.50%. Enova International’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $2.45 EPS. On average, equities research analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current year.

Insider Activity

In other Enova International news, CFO Steven E. Cunningham sold 14,874 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $120.70, for a total transaction of $1,795,291.80. Following the transaction, the chief financial officer owned 127,719 shares of the company’s stock, valued at approximately $15,415,683.30. This trade represents a 10.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Fisher sold 35,000 shares of Enova International stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $125.55, for a total transaction of $4,394,250.00. Following the completion of the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $43,719,397.65. This represents a 9.13% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 86,874 shares of company stock worth $10,708,742. 8.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enova International

Several hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. grew its stake in shares of Enova International by 0.8% in the 2nd quarter. Baird Financial Group Inc. now owns 155,950 shares of the credit services provider’s stock worth $17,392,000 after purchasing an additional 1,276 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Enova International in the 2nd quarter worth approximately $11,152,000. CX Institutional grew its stake in shares of Enova International by 4.2% in the 3rd quarter. CX Institutional now owns 70,352 shares of the credit services provider’s stock worth $8,097,000 after purchasing an additional 2,814 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Enova International by 238.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 68,600 shares of the credit services provider’s stock worth $7,650,000 after purchasing an additional 48,350 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Enova International by 2.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,255 shares of the credit services provider’s stock worth $7,277,000 after purchasing an additional 1,531 shares during 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.