Enova International (NYSE:ENVA) Lowered to “Hold” Rating by Zacks Research

Enova International (NYSE:ENVA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Other analysts have also recently issued research reports about the company. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Stephens decreased their price objective on shares of Enova International from $275.00 to $205.00 and set an “overweight” rating on the stock in a research report on Thursday. Citizens Jmp lowered their target price on shares of Enova International from $270.00 to $215.00 and set a “market outperform” rating on the stock in a research note on Tuesday. Finally, Citigroup reiterated a “market outperform” rating on shares of Enova International in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Enova International presently has an average rating of “Moderate Buy” and a consensus target price of $231.67.

Enova International Stock Up 4.2%

ENVA opened at $179.40 on Wednesday. The company has a fifty day moving average price of $237.33 and a 200-day moving average price of $192.67. The firm has a market capitalization of $4.47 billion, a P/E ratio of 13.30 and a beta of 1.21. The company has a debt-to-equity ratio of 3.35, a current ratio of 18.42 and a quick ratio of 18.42. Enova International has a one year low of $103.02 and a one year high of $267.45.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million for the quarter, compared to the consensus estimate of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 earnings per share. Equities research analysts expect that Enova International will post 16.33 earnings per share for the current fiscal year.

Insider Transactions at Enova International

In other news, Chairman David Fisher sold 9,078 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $239.16, for a total value of $2,171,094.48. Following the completion of the transaction, the chairman directly owned 306,444 shares in the company, valued at approximately $73,289,147.04. This represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Enova International

A number of hedge funds have recently bought and sold shares of ENVA. McIlrath & Eck LLC purchased a new position in shares of Enova International during the first quarter worth approximately $34,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Enova International in the 2nd quarter valued at $52,000. Pacer Advisors Inc. boosted its stake in shares of Enova International by 58.5% in the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 152 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after purchasing an additional 451 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Enova International during the 2nd quarter valued at $116,000. Institutional investors own 89.43% of the company’s stock.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Enova retains a consensus “Buy” rating, indicating that analysts generally continue to see value in the stock despite recent developments. Enova receives consensus Buy rating
• Neutral Sentiment: Investor attention is shifting away from the Grasshopper transaction and toward broader macroeconomic factors, including the economic environment affecting Enova’s credit businesses. Enova investor focus turns from Grasshopper to macro
• Negative Sentiment: Enova withdrew the federal applications needed to complete its approximately $369 million acquisition of Grasshopper Bancorp, citing unclear regulatory rules and political pressure. The decision removes a potential growth opportunity and triggered a sharp selloff. Enova withdraws Grasshopper Bank bid
• Negative Sentiment: TD Cowen and Citizens JMP lowered their expectations for Enova’s stock price, contributing to concerns about the company’s near-term valuation and outlook. TD Cowen lowers Enova expectations Citizens JMP lowers Enova expectations
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations or other improper conduct related to Enova’s disclosures and the Grasshopper transaction. These announcements do not establish wrongdoing, but they raise litigation, reputational and potential financial risks for investors. Enova securities investigation

Enova International Company Profile

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. The company uses technology, data analytics and automated decision-making to offer credit products designed for customers who may have limited access to traditional bank financing.

Enova’s consumer finance brands include CashNetUSA and NetCredit, which offer products such as short-term and installment loans, lines of credit and other forms of personal credit, subject to applicable laws and eligibility requirements.