Gemmer Asset Management LLC acquired a new position in shares of Enova International, Inc. (NYSE:ENVA – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,452 shares of the credit services provider’s stock, valued at approximately $1,078,000.
Several other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas bought a new position in Enova International in the 3rd quarter valued at about $30,000. McIlrath & Eck LLC bought a new stake in shares of Enova International during the 1st quarter worth approximately $34,000. Integrated Wealth Concepts LLC bought a new stake in shares of Enova International during the 2nd quarter worth approximately $52,000. Pacer Advisors Inc. lifted its holdings in shares of Enova International by 58.5% during the 1st quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 451 shares in the last quarter. 89.43% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently issued reports on ENVA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enova International in a research report on Thursday. Jefferies Financial Group cut their target price on Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. BTIG Research raised their target price on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Stephens reduced their target price on Enova International from $275.00 to $205.00 and set an “overweight” rating on the stock in a report on Thursday, September 17th. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.83.
Get Our Latest Research Report on Enova International
Enova International Stock Performance
Enova International stock opened at $177.66 on Friday. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. The stock has a market cap of $4.42 billion, a PE ratio of 13.17 and a beta of 1.28. Enova International, Inc. has a 12-month low of $107.15 and a 12-month high of $267.45. The business’s 50-day moving average price is $208.92 and its two-hundred day moving average price is $197.73.
Enova International (NYSE:ENVA – Get Free Report) last issued its earnings results on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping the consensus estimate of $3.99 by $0.32. The firm 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 business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.23 earnings per share. As a group, analysts expect that Enova International, Inc. will post 16.33 earnings per share for the current fiscal year.
Insider Buying and Selling at Enova International
In related news, Chairman David Fisher sold 20,750 shares of Enova International stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00. Following the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $54,620,578.56. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 39,319 shares of company stock valued at $8,185,473. Company insiders own 8.40% of the company’s stock.
About Enova International
Enova International, Inc is a technology-driven financial services company that provides online credit products to consumers and small businesses. The company uses data analytics, automated decision-making and digital platforms to evaluate applications, originate loans and manage customer accounts.
Enova’s consumer finance business offers products such as installment loans and lines of credit through brands including CashNetUSA and NetCredit. Its small-business finance operations provide term loans and lines of credit through the OnDeck platform, which Enova acquired in 2020.
Founded in 2004 and headquartered in Chicago, Illinois, Enova serves customers primarily in the United States, as well as selected international markets, including the United Kingdom and Australia.
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