Enova International (NYSE:ENVA) Given New $78.00 Price Target at JMP Securities

Enova International (NYSE:ENVA) had its price objective boosted by JMP Securities from $73.00 to $78.00 in a research note released on Wednesday, Benzinga reports. JMP Securities currently has a market outperform rating on the credit services provider’s stock.

ENVA has been the subject of several other research reports. TheStreet downgraded shares of Enova International from a b rating to a c+ rating in a research note on Tuesday, January 30th. StockNews.com raised shares of Enova International from a hold rating to a buy rating in a research note on Saturday, March 23rd. BMO Capital Markets raised their price target 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. Finally, Jefferies Financial Group raised their price target on shares of Enova International from $70.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $64.25.

Enova International Stock Performance

NYSE ENVA opened at $63.54 on Wednesday. The company has a current ratio of 10.27, a quick ratio of 10.27 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.43 and a beta of 1.55. The firm’s 50 day simple moving average is $61.53 and its 200 day simple moving average is $53.64. Enova International has a 1 year low of $35.30 and a 1 year high of $65.00.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.54 by $0.08. The business had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. Enova International had a net margin of 7.69% and a return on equity of 15.45%. As a group, research analysts expect that Enova International will post 7.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 5,000 shares of the business’s 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 transaction, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Enova International news, 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 value of $310,600.00. Following the sale, the director now owns 9,182 shares of the company’s stock, valued at $570,385.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Cunningham sold 17,548 shares of Enova International stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the completion of the sale, the chief financial officer now directly owns 150,025 shares in the company, valued at approximately $8,417,902.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,938 shares of company stock worth $1,799,557. 7.80% of the stock is owned by insiders.

Institutional Trading of Enova International

Several hedge funds and other institutional investors have recently modified their holdings of ENVA. Counterpoint Mutual Funds LLC bought a new stake in shares of Enova International in the third quarter valued at approximately $117,000. Denali Advisors LLC lifted its stake in Enova International by 3.3% in the 3rd quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock worth $4,455,000 after purchasing an additional 2,800 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Enova International in the 3rd quarter worth approximately $928,000. New York State Common Retirement Fund lifted its stake in 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 worth $3,039,000 after purchasing an additional 2,203 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in Enova International by 75.1% in the 3rd quarter. Quantbot Technologies LP now owns 10,301 shares of the credit services provider’s stock worth $524,000 after purchasing an additional 4,417 shares in the last quarter. Institutional investors 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.