Enova International (NYSE:ENVA) Sets New 12-Month High – What’s Next?

Enova International, Inc. (NYSE:ENVA) hit a new 52-week high during trading on Friday . The company traded as high as $266.99 and last traded at $265.11, with a volume of 33717 shares trading hands. The stock had previously closed at $261.92.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENVA. Maxim Group upped their price objective on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. BTIG Research raised their price objective on Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of Enova International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Citigroup reiterated a “market outperform” rating on shares of Enova International in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $247.83.

Enova International Stock Performance

The firm’s 50-day moving average price is $227.81 and its 200 day moving average price is $179.12. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 19.67 and a beta of 1.22.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.32. The business had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a return on equity of 26.66% and a net margin of 10.31%.The firm’s revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $3.23 EPS. On average, sell-side analysts anticipate that Enova International, Inc. will post 16.3 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark Tebbe sold 20,000 shares of Enova International stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the transaction, the director owned 50,029 shares in the company, valued at $10,074,339.73. The trade was a 28.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William M. Goodyear sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total transaction of $658,070.00. Following the sale, the director owned 50,820 shares in the company, valued at $9,555,176.40. This trade represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,030 shares of company stock worth $14,915,763 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ENVA. McIlrath & Eck LLC acquired a new stake in shares of Enova International in the first quarter valued at about $34,000. Farther Finance Advisors LLC increased 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 during the period. EverSource Wealth Advisors LLC increased its position in Enova International by 350.0% during the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 350 shares during the period. Pacer Advisors Inc. increased its stake in Enova International by 58.5% during the 1st 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, Parallel Advisors LLC raised its position in shares of Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after buying an additional 451 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

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.