JMP Securities Boosts Enova International (NYSE:ENVA) Price Target to $78.00

Enova International (NYSE:ENVA) had its price objective increased by JMP Securities from $73.00 to $78.00 in a research report sent to investors on Wednesday, Benzinga reports. JMP Securities currently has a market outperform rating on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Enova International from a b rating to a c+ rating in a research note on Tuesday, January 30th. StockNews.com raised shares of Enova International from a hold rating to a buy rating in a research note on Saturday, March 23rd. BMO Capital Markets lifted their price target on shares of Enova International from $57.00 to $59.00 and gave the company a market perform rating in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group lifted their price target on shares of Enova International from $70.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International presently has a consensus rating of Moderate Buy and an average target price of $67.60.

Enova International Price Performance

Shares of NYSE ENVA opened at $63.23 on Wednesday. Enova International has a twelve month low of $35.30 and a twelve month high of $65.00. The firm has a fifty day simple moving average of $61.66 and a 200 day simple moving average of $53.82. The company has a market capitalization of $1.71 billion, a PE ratio of 11.37 and a beta of 1.55. The company has a quick ratio of 10.27, a current ratio of 13.15 and a debt-to-equity ratio of 2.64.

Enova International (NYSE:ENVA) last announced its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The business had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. On average, sell-side analysts forecast that Enova International will post 7.34 EPS for the current year.

Insider Transactions at Enova International

In other news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the completion of the sale, the director now directly owns 9,182 shares of the company’s stock, valued at $570,385.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total transaction of $310,600.00. Following the transaction, the director now directly owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven E. Cunningham sold 17,548 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $56.11, for a total transaction of $984,618.28. Following the transaction, the chief financial officer now owns 150,025 shares in the company, valued at $8,417,902.75. The disclosure for this sale can be found here. Insiders sold a total of 30,938 shares of company stock valued at $1,799,557 over the last three months. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headinvest LLC purchased a new position in Enova International in the third quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in Enova International in the fourth quarter valued at about $37,000. New York State Common Retirement Fund boosted its stake in Enova International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 59,748 shares of the credit services provider’s stock valued at $3,039,000 after acquiring an additional 2,203 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Enova International in the third quarter valued at about $117,000. Finally, Denali Advisors LLC boosted its stake in Enova International by 3.3% in the third quarter. Denali Advisors LLC now owns 87,572 shares of the credit services provider’s stock valued at $4,455,000 after acquiring an additional 2,800 shares during the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.