Wall Street Zen Downgrades Enova International (NYSE:ENVA) to Buy

Enova International (NYSE:ENVA) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

A number of other research analysts have also recently commented on ENVA. TD Cowen increased their price target on shares of Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a report on Friday, July 17th. Citizens Jmp upped their price objective on shares of Enova International from $195.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, June 26th. BTIG Research increased their target price on shares of Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $247.83.

Enova International Stock Up 0.1%

ENVA opened at $243.24 on Friday. The stock has a market cap of $6.06 billion, a PE ratio of 18.03 and a beta of 1.22. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. Enova International has a 52 week low of $103.02 and a 52 week high of $267.45. The business’s fifty day simple moving average is $236.77 and its 200 day simple moving average is $183.00.

Enova International (NYSE:ENVA) last issued 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 firm had revenue of $928.93 million during 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 company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.23 earnings per share. As a group, research analysts expect that Enova International will post 16.3 earnings per share for the current fiscal year.

Insider Activity at Enova International

In other Enova International news, Director William M. Goodyear sold 3,500 shares of the business’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 value of $658,070.00. Following the completion of the sale, the director owned 50,820 shares in the company, valued at approximately $9,555,176.40. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Tebbe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total value of $4,027,400.00. Following the completion of the sale, the director owned 50,029 shares of the company’s stock, valued at $10,074,339.73. The trade was a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 62,543 shares of company stock worth $12,242,070 in the last ninety days. 8.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ENVA. McIlrath & Eck LLC purchased a new stake in Enova International during the 1st quarter valued at $34,000. Farther Finance Advisors LLC increased its position in shares of Enova International by 26.9% in the fourth quarter. Farther Finance Advisors LLC now owns 302 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Enova International by 350.0% in the second quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 350 shares during the period. Pacer Advisors Inc. raised its stake in shares of Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 451 shares during the last quarter. 89.43% of the stock is 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.