Enova International, Inc. $ENVA Stock Position Lowered by James Investment Research Inc.

James Investment Research Inc. lowered its position in shares of Enova International, Inc. (NYSE:ENVA) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,347 shares of the credit services provider’s stock after selling 15,417 shares during the quarter. Enova International accounts for about 2.0% of James Investment Research Inc.’s holdings, making the stock its 7th largest position. James Investment Research Inc. owned approximately 0.44% of Enova International worth $18,273,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ENVA. Amundi increased its holdings in shares of Enova International by 66.6% in the 2nd quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after purchasing an additional 83,002 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Enova International in the 2nd quarter valued at $38,453,000. Tieton Capital Management LLC bought a new stake in Enova International in the second quarter worth $26,577,000. Alyeska Investment Group L.P. acquired a new position in Enova International during the second quarter worth $25,749,000. Finally, Assenagon Asset Management S.A. increased its position in Enova International by 133.4% during the third quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider’s stock worth $12,096,000 after buying an additional 41,378 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

More Enova International News

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Analysts raised their targets and maintained bullish ratings. TD Cowen increased its target to $224 and assigned a “buy” rating; Citizens JMP raised its target to $220 with a “market outperform” rating; and Stephens lifted its target to $225 with an “overweight” rating. These targets imply roughly 33%–36% potential upside from the referenced share price. TD Cowen recommendation
• Positive Sentiment: Third-quarter results exceeded expectations. Enova reported adjusted EPS of $4.48, above the $4.42 consensus estimate, while revenue reached approximately $1.01 billion versus expectations of $1 billion. Revenue rose 25.7% year over year, and adjusted EPS increased 33% from $3.36 a year earlier. Enova third-quarter results
• Positive Sentiment: Operating growth remained strong. Loan originations climbed 31%, the loan book reached a record level, and the quarter marked the first time quarterly revenue surpassed $1 billion. Management attributed the performance to broad strength across its online-lending portfolio. Enova surpasses $1 billion in quarterly revenue
• Negative Sentiment: The termination of the Grasshopper Bank deal may be weighing on sentiment. The ended bank charter transaction removes a potential strategic benefit and may have prompted investors to reassess Enova’s future banking strategy. Blue Tower analysis of Enova’s Grasshopper Bank deal

Enova International Trading Down 6.6%

Shares of ENVA stock opened at $165.04 on Friday. Enova International, Inc. has a 1 year low of $115.06 and a 1 year high of $267.45. The firm’s fifty day simple moving average is $200.48 and its 200 day simple moving average is $199.12. The firm has a market capitalization of $4.11 billion, a P/E ratio of 11.37 and a beta of 1.28. The company has a current ratio of 18.42, a quick ratio of 18.42 and a debt-to-equity ratio of 3.35.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 28.01%. The business’s revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.36 EPS. As a group, sell-side analysts predict that Enova International, Inc. will post 16.33 EPS for the current year.

Wall Street Analysts Forecast Growth

ENVA has been the topic of several analyst reports. Stephens increased their price target on Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday. Citigroup reiterated a “market outperform” rating on shares of Enova International in a research note on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research report on Thursday, October 15th. TD Cowen boosted their price objective on Enova International from $220.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BTIG Research increased their target price on Enova International from $199.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.67.

Insider Activity at Enova International

In related news, Chairman David Fisher sold 20,750 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $178.24, for a total value of $3,698,480.00. Following the completion of the sale, the chairman owned 306,444 shares in the company, valued at approximately $54,620,578.56. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 39,319 shares of company stock worth $8,185,473 over the last three months. 8.40% of the stock is currently owned by corporate insiders.

About Enova International

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.