Enova International (NYSE:ENVA) Given New $280.00 Price Target at Jefferies Financial Group

Enova International (NYSE:ENVA) had its target price hoisted by equities research analysts at Jefferies Financial Group from $260.00 to $280.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 18.34% from the stock’s current price.

ENVA has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Tuesday, April 21st. Zacks Research cut shares of Enova International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. BTIG Research raised their price target on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Stephens lifted their price target on shares of Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Citizens Jmp upped their price objective on shares of Enova International from $195.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.67.

Enova International Stock Performance

Shares of NYSE:ENVA opened at $236.60 on Wednesday. Enova International has a 1 year low of $99.61 and a 1 year high of $246.38. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 19.16 and a beta of 1.21. The company has a debt-to-equity ratio of 3.45, a current ratio of 20.42 and a quick ratio of 20.42. The company’s 50 day simple moving average is $185.56 and its 200 day simple moving average is $163.32.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $0.21. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm had revenue of $875.14 million for the quarter, compared to the consensus estimate of $854.52 million. During the same quarter last year, the business posted $2.98 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. As a group, research analysts predict that Enova International will post 15.37 EPS for the current fiscal year.

Insider Buying and Selling at Enova International

In related news, Director William M. Goodyear sold 3,500 shares of Enova International stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $188.02, for a total transaction of $658,070.00. Following the sale, the director directly owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Fisher sold 33,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the sale, the chairman directly owned 306,444 shares in the company, valued at $60,997,678.20. The trade was a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 106,882 shares of company stock valued at $19,757,389 in the last quarter. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ENVA. FNY Investment Advisers LLC bought a new stake in shares of Enova International in the 4th quarter valued at about $31,000. McIlrath & Eck LLC bought a new position in shares of Enova International during the first quarter worth about $34,000. Farther Finance Advisors LLC raised its position 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 acquiring an additional 64 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Enova International by 350.0% during 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. 89.43% of the stock is owned by institutional investors and hedge funds.

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.