Enova International (NYSE:ENVA) Hits New 12-Month High at $64.86

Shares of Enova International, Inc. (NYSE:ENVA) reached a new 52-week high during trading on Tuesday . The company traded as high as $64.86 and last traded at $64.32, with a volume of 403222 shares changing hands. The stock had previously closed at $61.23.

Analyst Ratings Changes

ENVA has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. JMP Securities lifted their price target on Enova International from $62.00 to $73.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. TheStreet cut shares of Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets upped their price objective on shares of Enova International from $57.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Enova International Price Performance

The company has a market capitalization of $1.77 billion, a PE ratio of 11.61 and a beta of 1.55. The stock has a 50 day moving average price of $61.23 and a two-hundred day moving average price of $53.47. The company has a debt-to-equity ratio of 2.37, a quick ratio of 10.27 and a current ratio of 10.27.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $583.59 million for the quarter, compared to analyst estimates of $587.34 million. Enova International had a net margin of 8.27% and a return on equity of 15.84%. Equities analysts forecast that Enova International, Inc. will post 7.39 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $60.40, for a total transaction of $141,758.80. Following the transaction, the general counsel now owns 107,992 shares of the company’s stock, valued at $6,522,716.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the sale, the general counsel now directly owns 107,992 shares in the company, valued at $6,522,716.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the sale, the director now owns 9,182 shares in the company, valued at $570,385.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,938 shares of company stock valued at $1,799,557. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headinvest LLC bought a new position in Enova International in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC acquired a new position in shares of Enova International during the 4th quarter worth about $37,000. New York State Common Retirement Fund raised its position in shares of Enova International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after acquiring an additional 2,203 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Enova International during the 3rd quarter worth approximately $117,000. Finally, Denali Advisors LLC grew its holdings in Enova International by 3.3% during the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after purchasing an additional 2,800 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.