Equity researchers at StockNews.com began to cover the shares of Enova International (NYSE: ENVA – Get a rating) in a note released Wednesday to investors. The brokerage has set a “hold” rating on the shares of the credit service provider.
Separately, JMP Securities reiterated a “buy” rating and set a $42.00 price target on Enova International shares in a Thursday, September 29 research note.
Enova International trades up 1.4%
ENVA shares opened at $30.80 on Wednesday. Enova International has a 1 year minimum of $25.80 and a 1 year maximum of $47.88. The company has a current ratio of 13.45, a quick ratio of 13.45 and a debt ratio of 1.66. The company’s fifty-day simple moving average is $34.02 and its 200-day simple moving average is $33.30. The company has a market capitalization of $985.94 million, a P/E ratio of 5.38 and a beta of 1.43.
Enova International (NYSE: ENVA – Get a rating) last released its quarterly results on Thursday, July 28. The credit service provider reported earnings per share of $1.48 for the quarter, meeting analyst consensus estimates of $1.48. Enova International had a net margin of 13.88% and a return on equity of 19.31%. The company posted revenue of $407.90 million for the quarter, versus a consensus estimate of $405.15 million. In the same quarter of the previous year, the company had earned earnings per share of $2.16. The company’s revenues increased by 54.1% compared to the same quarter last year. As a group, sell-side analysts expect Enova International to post EPS of 6.16 for the current year.
Separately, Chief Financial Officer Steven E. Cunningham sold 29,674 shares of the company in a trade on Tuesday, October 4. The shares were sold at an average price of $31.00, for a total value of $919,894.00. Following the sale, the CFO now owns 178,356 shares of the company, valued at approximately $5,529,036. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. 7.20% of the shares are held by company insiders.
Institutional entries and exits
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. Summit Global Investments increased its position in Enova International by 49.5% during the 2nd quarter. Summit Global Investments now owns 24,375 shares of the credit services provider worth $702,000 after buying an additional 8,075 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Enova International by 13.3% during the second quarter. UBS Asset Management Americas Inc. now owns 46,568 shares of the credit services provider worth $1,342,000 after buying an additional 5,461 shares last quarter. Alpha DNA Investment Management LLC increased its position in Enova International by 2.3% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 32,464 shares of the credit service provider worth $935,000 after buying 716 additional shares in the last quarter. Mutual of America Capital Management LLC increased its position in Enova International by 11.1% during the second quarter. Mutual of America Capital Management LLC now owns 5,468 shares of the credit service provider worth $158,000 after buying 548 additional shares last quarter. Finally, Lazard Asset Management LLC acquired a new position in Enova International during Q2 worth approximately $44,000. Institutional investors and hedge funds hold 92.43% of the company’s shares.
About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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