Enova International, Inc. (NYSE:ENVA) Given Average Recommendation of “Buy” by Brokerages

Shares of Enova International, Inc. (NYSE:ENVA) have been assigned an average rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $247.8333.

A number of analysts recently weighed in on ENVA shares. Wall Street Zen upgraded Enova International from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Citizens Jmp upped their price target on Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a research report on Friday, June 26th. BTIG Research increased their price target on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. Finally, TD Cowen raised their price objective on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a research report on Friday, July 24th.

Enova International Trading Down 0.7%

Shares of NYSE ENVA opened at $263.64 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. Enova International has a 52-week low of $103.02 and a 52-week high of $267.45. The firm has a 50 day moving average price of $231.60 and a two-hundred day moving average price of $180.63. The stock has a market cap of $6.56 billion, a P/E ratio of 19.54 and a beta of 1.22.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.32. The firm had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.23 earnings per share. As a group, equities analysts forecast that Enova International will post 16.3 EPS for the current year.

Insider Transactions at Enova International

In related news, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total value of $4,027,400.00. Following the transaction, the director owned 50,029 shares in the company, valued at $10,074,339.73. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Fisher sold 33,060 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares in the company, valued at $60,997,678.20. This trade represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 72,799 shares of company stock worth $13,880,919. Company insiders own 8.40% of the company’s stock.

Institutional Trading of Enova International

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Enova International in the 2nd quarter worth about $38,453,000. Tieton Capital Management LLC bought a new stake in shares of Enova International during the 2nd quarter valued at about $26,577,000. Informed Momentum Co LLC bought a new stake in shares of Enova International during the 4th quarter valued at about $6,243,000. Marshall Wace LLP acquired a new stake in Enova International during the fourth quarter worth approximately $4,412,000. Finally, Geode Capital Management LLC grew its stake in Enova International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.