Enova International (NYSE:ENVA) Trading 10.2% Higher – Still a Buy?

Shares of Enova International, Inc. (NYSE:ENVA) were up 10.2% on Thursday . The stock traded as high as $153.30 and last traded at $155.8730. Approximately 161,046 shares changed hands during trading, a decline of 40% from the average daily volume of 268,255 shares. The stock had previously closed at $141.40.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENVA. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Citizens Jmp boosted their price objective on Enova International from $149.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday. BTIG Research raised their target price on shares of Enova International from $144.00 to $199.00 and gave the stock a “buy” rating in a report on Friday. Citigroup reaffirmed an “outperform” rating on shares of Enova International in a research note on Friday. Finally, Zacks Research downgraded shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Enova International has an average rating of “Buy” and a consensus price target of $136.50.

Enova International Stock Up 3.1%

The company has a current ratio of 19.29, a quick ratio of 19.29 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $4.04 billion, a P/E ratio of 14.96 and a beta of 1.31. The firm’s 50 day moving average price is $123.47 and its two-hundred day moving average price is $114.65.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, October 23rd. The credit services provider reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.03 by $0.33. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The business had revenue of $460.71 million for the quarter, compared to analyst estimates of $806.63 million. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities research analysts forecast that Enova International, Inc. will post 10.31 EPS for the current year.

Enova International declared that its board has authorized a stock buyback plan on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Enova International

In related news, CFO Steven E. Cunningham sold 14,874 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $120.70, for a total value of $1,795,291.80. Following the sale, the chief financial officer directly owned 127,719 shares of the company’s stock, valued at $15,415,683.30. This trade represents a 10.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Fisher sold 35,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $125.55, for a total value of $4,394,250.00. Following the transaction, the chief executive officer directly owned 348,223 shares of the company’s stock, valued at approximately $43,719,397.65. The trade was a 9.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 67,874 shares of company stock worth $8,426,042 in the last ninety days. 8.40% of the stock is owned by company insiders.

Institutional Trading of Enova International

Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in shares of Enova International in the 3rd quarter worth approximately $28,000. Bessemer Group Inc. lifted its holdings in Enova International by 174.2% in the third quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares during the period. Strs Ohio acquired a new stake in Enova International during the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its stake in shares of Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 350 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Enova International during the 1st quarter valued at about $56,000. 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.