JMP Securities reissued their buy rating on shares of Enova International Inc. (NYSE:ENVA) in a research report report published on Monday morning.
Several other equities analysts have also recently commented on ENVA. Zacks Investment Research cut shares of Enova International from a buy rating to a hold rating in a report on Wednesday, June 29th. FBR & Co boosted their price target on shares of Enova International from $8.50 to $9.00 and gave the company a market perform rating in a report on Friday, July 29th. Finally, Jefferies Group initiated coverage on shares of Enova International in a report on Thursday, September 1st. They set a buy rating and a $12.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $9.63.
Shares of Enova International (NYSE:ENVA) opened at 9.05 on Monday. Enova International has a 52 week low of $4.64 and a 52 week high of $13.66. The firm has a market capitalization of $300.59 million, a P/E ratio of 11.30 and a beta of 3.43. The stock’s 50 day moving average price is $9.48 and its 200 day moving average price is $8.04.
Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Enova International had a net margin of 3.87% and a return on equity of 12.25%. The business had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $165.80 million. During the same period in the previous year, the company posted $0.33 EPS. Enova International’s revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Enova International will post $0.93 EPS for the current fiscal year.
In related news, major shareholder Firstcash, Inc sold 104,446 shares of Enova International stock in a transaction on Friday, September 30th. The shares were sold at an average price of $9.77, for a total value of $1,020,437.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cash America International Inc sold 21,521 shares of Enova International stock in a transaction on Monday, August 8th. The shares were sold at an average price of $9.29, for a total transaction of $199,930.09. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENVA. California State Teachers Retirement System raised its position in Enova International by 0.6% in the second quarter. California State Teachers Retirement System now owns 55,586 shares of the company’s stock worth $409,000 after buying an additional 322 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Enova International during the second quarter worth $1,272,000. 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 worth $564,000 after buying an additional 24,300 shares in the last quarter. Acrospire Investment Management LLC raised its position in Enova International by 1,123.6% in the second quarter. Acrospire Investment Management LLC now owns 18,268 shares of the company’s stock worth $134,000 after buying an additional 16,775 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in Enova International during the second quarter worth $885,000. 63.74% of the stock is owned by hedge funds and other institutional investors.
About Enova International