Insider Buying: Enova International Inc (ENVA) Director Acquires 1,090 Shares of Stock

Enova International Inc (NYSE:ENVA) Director Ellen Carnahan acquired 1,090 shares of Enova International stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost of $22.85 per share, for a total transaction of $24,906.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Enova International Inc (NYSE:ENVA) traded down $0.55 during trading hours on Tuesday, reaching $22.45. The company had a trading volume of 231,685 shares, compared to its average volume of 371,585. The firm has a market capitalization of $767.19, a price-to-earnings ratio of 26.10 and a beta of 2.94. The company has a quick ratio of 9.31, a current ratio of 9.31 and a debt-to-equity ratio of 2.80. Enova International Inc has a fifty-two week low of $11.15 and a fifty-two week high of $23.30.

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Enova International (NYSE:ENVA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. Enova International had a return on equity of 14.11% and a net margin of 3.47%. The business had revenue of $243.69 million for the quarter, compared to analyst estimates of $230.97 million. During the same period last year, the firm posted $0.25 earnings per share. Enova International’s revenue was up 20.4% compared to the same quarter last year. sell-side analysts anticipate that Enova International Inc will post 1.75 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in ENVA. Bank of New York Mellon Corp boosted its stake in shares of Enova International by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after purchasing an additional 84,514 shares in the last quarter. State Street Corp boosted its stake in shares of Enova International by 11.1% during the second quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock valued at $9,516,000 after purchasing an additional 63,865 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Enova International by 11.7% during the third quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after purchasing an additional 50,818 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Enova International by 11.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 421,933 shares of the credit services provider’s stock valued at $6,413,000 after purchasing an additional 44,174 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Enova International by 222.1% during the fourth quarter. Arizona State Retirement System now owns 56,244 shares of the credit services provider’s stock valued at $855,000 after purchasing an additional 38,780 shares in the last quarter. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

ENVA has been the topic of several research analyst reports. Zacks Investment Research raised Enova International from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, December 12th. Maxim Group reaffirmed a “buy” rating and issued a $27.00 price objective (up from $23.00) on shares of Enova International in a research note on Tuesday, February 20th. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Enova International in a research note on Friday, February 2nd. Stephens reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Enova International in a research note on Thursday, January 4th. Finally, JMP Securities raised their price objective on Enova International from $19.00 to $24.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.20.

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About Enova International

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

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