Enova International (NYSE:ENVA) Price Target Increased to $93.00 by Analysts at JMP Securities

Enova International (NYSE:ENVA) had its price target hoisted by equities researchers at JMP Securities from $78.00 to $93.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ target price suggests a potential upside of 14.53% from the company’s current price.

ENVA has been the topic of several other reports. BMO Capital Markets increased their target price on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Jefferies Financial Group increased their price objective on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Maxim Group boosted their target price on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Enova International presently has a consensus rating of “Moderate Buy” and an average target price of $76.80.

Enova International Stock Performance

Shares of Enova International stock opened at $81.20 on Wednesday. Enova International has a 1 year low of $35.30 and a 1 year high of $81.52. The firm’s 50-day moving average is $63.11 and its 200 day moving average is $61.03. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 14.60 and a beta of 1.45. The company has a debt-to-equity ratio of 2.64, a current ratio of 13.15 and a quick ratio of 13.15.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.29%. The firm had revenue of $628.44 million for the quarter, compared to the consensus estimate of $622.92 million. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business’s revenue was up 25.8% on a year-over-year basis. Sell-side analysts anticipate that Enova International will post 7.32 EPS for the current fiscal year.

Insider Buying and Selling at Enova International

In other Enova International news, Director Linda Johnson Rice sold 1,750 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $63.02, for a total transaction of $110,285.00. Following the completion of the sale, the director now directly owns 10,186 shares in the company, valued at approximately $641,921.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Kirk Chartier sold 41,303 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total value of $2,484,788.48. Following the transaction, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 1,750 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $63.02, for a total value of $110,285.00. Following the sale, the director now directly owns 10,186 shares of the company’s stock, valued at approximately $641,921.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,053 shares of company stock valued at $5,732,873. 7.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ENVA. GAMMA Investing LLC purchased a new stake in Enova International in the 4th quarter worth approximately $37,000. J.Safra Asset Management Corp lifted its holdings in Enova International by 83.8% during the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 424 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Enova International in the first quarter worth approximately $223,000. Lazard Asset Management LLC increased its stake in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Enova International during the 4th quarter valued at $216,000. Institutional investors 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.