Enova International (NYSE: ENVA – Get a rating) has been updated by equity research analysts from StockNews.com from a “hold” rating to a “buy” rating in a research report released Wednesday to clients and investors.
Separately, JMP Securities reissued a “buy” rating and set a target price of $42.00 on shares of Enova International in a research note on Thursday, September 29.
Performance of Enova’s international shares
Shares of NYSE ENV opened at $39.40 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 6.64 and a beta of 1.50. Enova International has a 1 year minimum of $25.80 and a 1 year maximum of $47.88. The company has a fifty-day moving average price of $33.55 and a 200-day moving average price of $32.82. The company has a debt ratio of 1.80, a current ratio of 14.87 and a quick ratio of 14.87.
Enova International (NYSE: ENVA – Get a rating) last released its results on Thursday, October 27. The credit service provider reported earnings per share of $1.61 for the quarter, beating the consensus estimate of $1.48 by $0.13. Enova International had a net margin of 12.72% and a return on equity of 19.25%. The company posted revenue of $456.20 million in the quarter, versus a consensus estimate of $441.25 million. Stock analysts expect Enova International to post earnings per share of 6.25 for the current fiscal year.
Insider buying and selling
In other Enova International news, Chief Financial Officer Steven E. Cunningham sold 29,674 shares of the company in a trade that took place on Tuesday, October 4. The stock was sold at an average price of $31.00, for a total transaction of $919,894.00. Following the completion of the transaction, the CFO now owns 178,356 shares of the company, valued at approximately $5,529,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 7.20% of the shares are held by insiders of the company.
Institutional investors weigh in on Enova International
Several large investors have recently increased or reduced their stake in the stock. Lazard Asset Management LLC bought a new position in shares of Enova International during Q2 valued at approximately $44,000. Quantbot Technologies LP bought a new position in Enova International during Q3, valued at approximately $102,000. Dupont Capital Management Corp bought a new stake in Enova International in Q1 worth around $145,000. SG Americas Securities LLC increased its stake in Enova International by 27.5% in the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit service provider worth $145,000 after buying 823 additional shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Enova International shares by 11.1% during the second quarter. Mutual of America Capital Management LLC now owns 5,468 shares of the credit service provider valued at $158,000 after buying 548 additional shares in the last quarter. 92.43% of the shares are held by institutional investors.
About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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