Enova International, Inc. (NYSE:ENVA) Given Average Rating of “Buy” by Analysts

Shares of Enova International, Inc. (NYSE:ENVA) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $188.00.

A number of equities analysts have recently weighed in on ENVA shares. Zacks Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. BTIG Research restated a “buy” rating and set a $199.00 target price on shares of Enova International in a research report on Wednesday, January 28th. Citizens Jmp boosted their price target on Enova International from $180.00 to $182.00 and gave the company a “market outperform” rating in a report on Wednesday, January 28th. Maxim Group set a $191.00 price target on Enova International in a research note on Thursday, January 29th. Finally, Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd.

Insider Transactions at Enova International

In other Enova International news, General Counsel Sean Rahilly sold 12,879 shares of Enova International stock in a transaction on Friday, January 30th. The shares were sold at an average price of $164.28, for a total value of $2,115,762.12. Following the transaction, the general counsel owned 100,877 shares in the company, valued at $16,572,073.56. This trade represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven E. Cunningham sold 11,436 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $165.13, for a total value of $1,888,426.68. Following the sale, the chief executive officer owned 127,719 shares of the company’s stock, valued at approximately $21,090,238.47. The trade was a 8.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 134,019 shares of company stock worth $22,151,701 in the last quarter. 8.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of Enova International during the 4th quarter valued at $31,000. Pacer Advisors Inc. acquired a new stake in Enova International in the 3rd quarter valued at $28,000. Bessemer Group Inc. raised its position 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 purchasing an additional 162 shares during the period. Strs Ohio acquired a new position in shares of Enova International during the third quarter worth about $35,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Enova International by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Enova International Stock Performance

NYSE ENVA opened at $139.00 on Tuesday. The company has a quick ratio of 19.29, a current ratio of 9.48 and a debt-to-equity ratio of 3.37. Enova International has a fifty-two week low of $79.41 and a fifty-two week high of $176.68. The business has a fifty day moving average of $156.61 and a 200-day moving average of $134.85. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 12.00 and a beta of 1.25.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.29. Enova International had a return on equity of 25.31% and a net margin of 9.78%.The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $838.59 million. During the same quarter last year, the business posted $2.61 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts predict that Enova International will post 10.31 earnings per share for the current fiscal year.

Enova International declared that its board has authorized a stock buyback program on Wednesday, November 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.