According to Zacks, “Enova International, Inc. is a provider of online financial services. It offers loans to customers in the United States and in the United Kingdom, Australia and Canada. The Company’s customers include consumers who have bank accounts but use alternative financial credit services because of their limited access to more traditional consumer credit from banks, thrifts, credit card companies and other lenders. Enova International, Inc is headquartered in Chicago. “
Other research analysts have also recently issued reports about the company. Jefferies Group assumed coverage on Enova International in a research note on Thursday, September 1st. They set a buy rating and a $12.00 price target on the stock. FBR & Co reiterated a hold rating and issued a $8.50 price objective on shares of Enova International in a research note on Tuesday, June 7th. Finally, JMP Securities reiterated a buy rating on shares of Enova International in a research note on Wednesday, June 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $9.63.
Enova International (NYSE:ENVA) opened at 9.59 on Wednesday. Enova International has a one year low of $4.64 and a one year high of $13.66. The stock has a market capitalization of $318.52 million, a P/E ratio of 11.97 and a beta of 3.42. The stock has a 50 day moving average price of $9.47 and a 200-day moving average price of $7.90.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Enova International had a return on equity of 12.25% and a net margin of 3.87%. The company had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $165.80 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. Analysts anticipate that Enova International will post $0.93 earnings per share for the current year.
In related news, major shareholder Cash America International Inc sold 3,458 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $9.18, for a total value of $31,744.44. Following the transaction, the insider now owns 424,912 shares of the company’s stock, valued at $3,900,692.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Csh Holdings Llc sold 15,766 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $9.21, for a total value of $145,204.86. Following the completion of the transaction, the insider now directly owns 5,945,092 shares in the company, valued at approximately $54,754,297.32. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its position in Enova International by 11.3% in the second quarter. Parametric Portfolio Associates LLC now owns 252,691 shares of the company’s stock valued at $1,860,000 after buying an additional 25,754 shares during the period. Emerald Acquisition Ltd. acquired a new position in Enova International during the second quarter valued at approximately $1,272,000. Thrivent Financial for Lutherans raised its position in Enova International by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 121,507 shares of the company’s stock valued at $894,000 after buying an additional 1,610 shares during the period. Globeflex Capital L P acquired a new position in Enova International during the second quarter valued at approximately $885,000. Finally, Nationwide Fund Advisors raised its position in Enova International by 46.5% in the second quarter. Nationwide Fund Advisors now owns 76,609 shares of the company’s stock valued at $564,000 after buying an additional 24,300 shares during the period. 63.74% of the stock is currently owned by hedge funds and other institutional investors.
About Enova International
Enova International, Inc (Enova) is a provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, technology, and online platform and services. Enova has provided over four million customers around the globe access to more than $17 billion in loans and financing.
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