Enova International (NYSE:ENVA) Price Target Raised to $270.00

Enova International (NYSE:ENVA) had its price objective increased by equities research analysts at Citizens Jmp from $195.00 to $270.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 19.33% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enova International in a research note on Tuesday, April 21st. Maxim Group lifted their target price on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Stephens lifted their target price on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Citigroup restated an “outperform” rating on shares of Enova International in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $213.80.

Enova International Price Performance

Shares of ENVA traded up $4.88 during midday trading on Friday, reaching $226.26. The stock had a trading volume of 41,829 shares, compared to its average volume of 287,006. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 3.45. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.37 and a beta of 1.28. The company’s 50-day moving average is $173.89 and its 200 day moving average is $158.58. Enova International has a 12-month low of $99.61 and a 12-month high of $228.74.

Enova International (NYSE:ENVA) last released its earnings results on Thursday, April 23rd. The credit services provider reported $3.87 earnings per share for the quarter, topping 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 company had revenue of $875.14 million during the quarter, compared to the consensus estimate of $854.52 million. During the same quarter in the previous year, the company posted $2.98 EPS. Enova International’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Enova International will post 15.37 EPS for the current fiscal year.

Insider Activity

In other Enova International news, CEO Steven E. Cunningham sold 7,852 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $175.50, for a total value of $1,378,026.00. Following the transaction, the chief executive officer owned 122,945 shares in the company, valued at approximately $21,576,847.50. The trade was a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David Fisher sold 33,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the transaction, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $60,997,678.20. This trade represents a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,882 shares of company stock worth $19,757,389 over the last ninety days. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Enova International

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