JMP Securities Raises Enova International (NYSE:ENVA) Price Target to $103.00

Enova International (NYSE:ENVA) had its price target upped by JMP Securities from $93.00 to $103.00 in a research note published on Monday morning, Benzinga reports. They currently have a market outperform rating on the credit services provider’s stock.

Several other analysts also recently issued reports on ENVA. BTIG Research initiated coverage on shares of Enova International in a research note on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock. TD Cowen increased their price target on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Enova International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy 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 price target of $80.67.

Enova International Trading Down 1.3 %

Shares of ENVA stock opened at $87.87 on Monday. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The stock has a 50-day simple moving average of $82.22 and a 200 day simple moving average of $70.61. Enova International has a fifty-two week low of $35.30 and a fifty-two week high of $89.36. The stock has a market capitalization of $2.48 billion, a P/E ratio of 15.80 and a beta of 1.43.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to analyst estimates of $622.92 million. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted $1.57 EPS. On average, sell-side analysts expect that Enova International will post 7.74 earnings per share for the current fiscal year.

Enova International announced that its board has initiated a share buyback plan on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Enova International

In other news, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the transaction, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.46, for a total value of $834,600.00. Following the sale, the chief executive officer now directly owns 423,239 shares in the company, valued at approximately $35,323,526.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the sale, the chief financial officer now directly owns 133,471 shares in the company, valued at approximately $10,883,225.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,725 shares of company stock worth $4,690,053 in the last 90 days. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of 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 worth $58,000 after acquiring an additional 424 shares during the last quarter. USA Financial Formulas bought a new position in Enova International in the third quarter valued at about $76,000. SG Americas Securities LLC acquired a new position in Enova International during the 1st quarter valued at about $223,000. Finally, Lazard Asset Management LLC boosted its stake in 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 valued at $228,000 after acquiring an additional 636 shares during the last quarter. 89.43% of the stock is owned by institutional investors.

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.