Enova International (NYSE:ENVA) Sets New 12-Month High – Here’s Why

Shares of Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during trading on Monday . The stock traded as high as $193.54 and last traded at $189.98, with a volume of 300 shares traded. The stock had previously closed at $189.33.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citizens Jmp increased their price target on shares of Enova International from $182.00 to $195.00 and gave the stock a “market outperform” rating in a research report on Friday, April 24th. BTIG Research reissued a “buy” rating and issued a $199.00 target price on shares of Enova International in a report on Thursday, April 23rd. TD Cowen boosted their price objective on Enova International from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Stephens boosted their price objective on Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, Enova International has an average rating of “Buy” and an average target price of $198.80.

Enova International Price Performance

The company has a market cap of $4.74 billion, a P/E ratio of 15.42 and a beta of 1.28. The company has a fifty day simple moving average of $162.98 and a 200-day simple moving average of $154.01. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.21. The company had revenue of $875.14 million for the quarter, compared to analysts’ expectations of $854.52 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.98 earnings per share. On average, sell-side analysts predict that Enova International, Inc. will post 15.37 earnings per share for the current year.

Insiders Place Their Bets

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of Enova International stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total transaction of $1,378,026.00. Following the transaction, the chief executive officer directly owned 122,945 shares in the company, valued at approximately $21,576,847.50. The trade was a 6.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David Fisher sold 20,000 shares of Enova International stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $173.18, for a total transaction of $3,463,600.00. Following the transaction, the chairman owned 306,444 shares in the company, valued at approximately $53,069,971.92. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 50,322 shares of company stock worth $8,491,326. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently modified their holdings of ENVA. SG Americas Securities LLC grew its holdings in shares of Enova International by 2,933.1% during the 4th quarter. SG Americas Securities LLC now owns 138,975 shares of the credit services provider’s stock valued at $21,847,000 after acquiring an additional 134,393 shares in the last quarter. Informed Momentum Co LLC acquired a new position in Enova International during the 4th quarter worth $6,243,000. Marshall Wace LLP acquired a new position in Enova International during the 4th quarter worth $4,412,000. Geode Capital Management LLC lifted its position in Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after acquiring an additional 18,258 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in Enova International during the 4th quarter worth $1,851,000. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Company Profile

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.