Enova International (NYSE:ENVA) Stock Gets Price Target Reduction from Maxim Group

Enova International (NYSE:ENVA) had its price target decreased by equities research analysts at Maxim Group from $285.00 to $220.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Maxim Group‘s target price suggests a potential upside of 29.34% from the stock’s current price.

Several other research firms also recently commented on ENVA. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Thursday, October 15th. TD Cowen lifted their price objective on shares of Enova International from $220.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group cut their price objective on shares of Enova International from $300.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Zacks Research lowered shares of Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Finally, Citigroup restated a “market outperform” rating on shares of Enova International in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Enova International has a consensus rating of “Moderate Buy” and an average price target of $239.00.

Enova International Stock Performance

NYSE ENVA traded up $5.02 on Monday, reaching $170.09. The stock had a trading volume of 210,221 shares, compared to its average volume of 322,998. The company has a debt-to-equity ratio of 3.43, a current ratio of 18.92 and a quick ratio of 18.91. The firm has a fifty day moving average of $200.48 and a two-hundred day moving average of $199.55. Enova International has a 1-year low of $117.66 and a 1-year high of $267.45. The company has a market cap of $4.16 billion, a P/E ratio of 11.71 and a beta of 1.28.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.42 by $0.06. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $3.36 EPS. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that Enova International will post 16.33 EPS for the current year.

Insider Activity at Enova International

In related news, Chairman David Fisher sold 20,750 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $178.24, for a total value of $3,698,480.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 39,319 shares of company stock valued at $8,185,473 in the last quarter. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enova International

Several institutional investors and hedge funds have recently bought and sold shares of ENVA. USA Financial Formulas acquired a new stake in Enova International during the third quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of Enova International in the 2nd quarter valued at approximately $52,000. McIlrath & Eck LLC acquired a new position in shares of Enova International in the 1st quarter valued at approximately $34,000. Pacer Advisors Inc. lifted its holdings in shares of 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 lifted its holdings in shares of 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 acquiring an additional 451 shares during the period. Institutional investors own 89.43% of the company’s stock.

Enova International Company Profile

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.