Zacks Research upgraded shares of Enova International (NYSE:ENVA – Free Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.
A number of other equities research analysts have also recently commented on the stock. Maxim Group increased their price target on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 27th. TD Cowen boosted their price target on Enova International from $250.00 to $257.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. 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 report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded Enova International from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $247.83.
View Our Latest Report on Enova International
Enova International Price Performance
Enova International (NYSE:ENVA – Get Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million during 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 for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 earnings per share. On average, equities research analysts anticipate that Enova International will post 16.3 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Mark Tebbe sold 20,000 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the transaction, the director directly owned 50,029 shares of the company’s stock, valued at $10,074,339.73. This represents a 28.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David Fisher sold 33,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at approximately $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 99,030 shares of company stock valued at $18,379,363. Company insiders own 8.40% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Enova International during the 4th quarter valued at about $31,000. McIlrath & Eck LLC bought a new position in shares of Enova International in the 1st quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its stake in shares of Enova International by 26.9% in the 4th quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 350 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after buying an additional 152 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.
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.
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