Enova International, Inc. $ENVA Stock: Robeco Institutional Asset Management B.V. Increases Position

Robeco Institutional Asset Management B.V. grew its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 62.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 44,155 shares of the credit services provider’s stock after purchasing an additional 16,982 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Enova International were worth $7,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENVA. USA Financial Formulas acquired a new stake in shares of Enova International in the third quarter worth $30,000. McIlrath & Eck LLC acquired a new stake in Enova International in the 1st quarter valued at $34,000. Integrated Wealth Concepts LLC purchased a new position in Enova International in the 2nd quarter valued at about $52,000. Pacer Advisors Inc. lifted its position 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 valued at $56,000 after acquiring an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Enova International by 1,503.3% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Insider Transactions at Enova International

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

Trending Headlines about Enova International

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 Stock Down 6.6%

NYSE:ENVA opened at $165.04 on Friday. The company has a quick ratio of 18.42, a current ratio of 18.42 and a debt-to-equity ratio of 3.35. The stock’s fifty day moving average is $200.48 and its two-hundred day moving average is $199.12. Enova International, Inc. has a 52 week low of $115.06 and a 52 week high of $267.45. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ENVA shares. BTIG Research lifted their target price on shares of Enova International from $199.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Jefferies Financial Group reduced their target price on Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Citizens Jmp upped their price target on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a research note on Friday. Wall Street Zen downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a report on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Enova International currently has an average rating of “Moderate Buy” and an average price target of $235.67.

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.