Enova International (NYSE:ENVA) Downgraded by StockNews.com

StockNews.com downgraded shares of Enova International (NYSE:ENVA) from a buy rating to a hold rating in a research report report published on Wednesday.

ENVA has been the topic of several other research reports. Jefferies Financial Group lifted their target price on Enova International from $70.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 9th. TheStreet downgraded shares of Enova International from a b rating to a c+ rating in a report on Tuesday, January 30th. BMO Capital Markets raised their price target on Enova International from $57.00 to $59.00 and gave the stock a market perform rating in a research report on Wednesday, January 31st. Finally, JMP Securities boosted their target price on Enova International from $73.00 to $78.00 and gave the company a market outperform rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $67.60.

Enova International Stock Performance

ENVA opened at $63.23 on Wednesday. The firm has a market cap of $1.71 billion, a P/E ratio of 11.37 and a beta of 1.55. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00. The company has a 50 day simple moving average of $61.66 and a two-hundred day simple moving average of $53.82. The company has a debt-to-equity ratio of 2.64, a current ratio of 13.15 and a quick ratio of 10.27.

Enova International (NYSE:ENVA) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. Enova International had a net margin of 7.69% and a return on equity of 15.77%. The company had revenue of $583.59 million during the quarter, compared to the consensus estimate of $587.34 million. Equities analysts forecast that Enova International will post 7.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the transaction, the director now directly owns 9,182 shares of the company’s stock, valued at approximately $570,385.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Linda Johnson Rice sold 5,000 shares of Enova International stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $62.12, for a total value of $310,600.00. Following the transaction, the director now owns 9,182 shares of the company’s stock, valued at approximately $570,385.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 2,347 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the transaction, the general counsel now owns 107,992 shares of the company’s stock, valued at approximately $6,522,716.80. The disclosure for this sale can be found here. Insiders sold a total of 30,938 shares of company stock worth $1,799,557 over the last 90 days. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Institutional investors have recently made changes to their positions in the business. Orchard Capital Management LLC raised its stake in Enova International by 30.0% in the fourth quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Enova International during the fourth quarter worth about $957,000. GAMMA Investing LLC acquired a new position in shares of Enova International during the fourth quarter valued at about $37,000. Foundry Partners LLC raised its position in shares of Enova International by 7.3% in the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock valued at $7,635,000 after purchasing an additional 9,357 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in Enova International in the 4th quarter worth approximately $216,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

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.