Enova International Inc. (ENVA) Receives “Buy” Rating from JMP Securities
Enova International Inc. (NYSE:ENVA)‘s stock had its “buy” rating reiterated by equities researchers at JMP Securities in a report released on Monday.
A number of other brokerages also recently weighed in on ENVA. Zacks Investment Research downgraded Enova International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. FBR & Co upped their price objective on Enova International from $8.50 to $9.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Finally, Jefferies Group assumed coverage on Enova International in a report on Thursday, September 1st. They set a “buy” rating and a $12.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Enova International has an average rating of “Hold” and an average target price of $9.63.
Shares of Enova International (NYSE:ENVA) traded down 1.60% during mid-day trading on Monday, reaching $9.25. 109,178 shares of the company traded hands. The stock has a market capitalization of $307.23 million, a price-to-earnings ratio of 11.55 and a beta of 3.42. The company’s 50 day moving average is $9.49 and its 200 day moving average is $8.01. Enova International has a 52-week low of $4.64 and a 52-week high of $13.66.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. Enova International had a return on equity of 12.25% and a net margin of 3.87%. The company had revenue of $172.50 million for the quarter, compared to the consensus estimate of $165.80 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts forecast that Enova International will post $0.93 earnings per share for the current year.
In other news, major shareholder Firstcash, Inc sold 26,124 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $9.47, for a total value of $247,394.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cash America International Inc sold 34,450 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $9.42, for a total value of $324,519.00. Following the completion of the transaction, the insider now directly owns 424,912 shares in the company, valued at approximately $4,002,671.04. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its position in Enova International by 11.3% in the second quarter. Parametric Portfolio Associates LLC now owns 252,691 shares of the company’s stock worth $1,860,000 after buying an additional 25,754 shares during the period. Emerald Acquisition Ltd. bought a new position in Enova International during the second quarter worth $1,272,000. Thrivent Financial for Lutherans increased its position in Enova International by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 121,507 shares of the company’s stock worth $894,000 after buying an additional 1,610 shares during the period. Globeflex Capital L P bought a new position in Enova International during the second quarter worth $885,000. Finally, Nationwide Fund Advisors increased its position in Enova International by 46.5% in the second quarter. Nationwide Fund Advisors now owns 76,609 shares of the company’s stock worth $564,000 after buying an additional 24,300 shares during the period. 63.74% of the stock is currently owned by institutional investors.
About Enova International
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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