Wall Street Zen lowered shares of Enova International (NYSE:ENVA – Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
Other equities analysts have also issued reports about the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Citigroup restated a “market outperform” rating on shares of Enova International in a research note on Friday, July 24th. TD Cowen upped their price target on Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Maxim Group increased their price target on Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Stephens increased their price target on Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. 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, Enova International has an average rating of “Buy” and an average price target of $247.83.
Read Our Latest Research Report on ENVA
Enova International Stock Up 2.5%
Enova International (NYSE:ENVA – Get Free Report) last released its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $0.32. Enova International had a net margin of 10.31% and a return on equity of 26.66%. The firm had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. During the same period in the prior year, the firm earned $3.23 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. As a group, equities analysts expect that Enova International will post 16.3 earnings per share for the current year.
Insider Activity at Enova International
In other Enova International news, Director William M. Goodyear sold 3,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the sale, the director owned 50,820 shares of the company’s stock, valued at $9,555,176.40. The trade was a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David Fisher sold 33,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares in the company, valued at $60,997,678.20. The trade was a 9.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,543 shares of company stock worth $12,242,070. 8.40% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Enova International
Several hedge funds have recently made changes to their positions in ENVA. McIlrath & Eck LLC purchased a new stake in Enova International during the 1st quarter worth about $34,000. Farther Finance Advisors LLC boosted its stake in 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. Pacer Advisors Inc. grew its holdings in Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after buying an additional 152 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Enova International by 350.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after buying an additional 350 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after buying an additional 451 shares during the period. 89.43% of the stock is currently 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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