Enova International (ENVA) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Enova International (NYSE:ENVA) from a hold rating to a sell rating in a research note published on Wednesday morning, ValuEngine reports.

Other equities analysts have also issued reports about the company. TheStreet raised Enova International from a c+ rating to a b- rating in a report on Friday, February 15th. Zacks Investment Research upgraded Enova International from a hold rating to a buy rating and set a $26.00 target price for the company in a research report on Thursday, February 7th. Finally, Maxim Group restated a buy rating and issued a $40.00 target price (down from $43.00) on shares of Enova International in a research report on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $37.50.

Shares of ENVA stock opened at $26.58 on Wednesday. Enova International has a 12-month low of $17.85 and a 12-month high of $39.00. The company has a market capitalization of $895.48 million, a P/E ratio of 11.46 and a beta of 2.42. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.88 and a quick ratio of 8.13.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 25th. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.25. Enova International had a return on equity of 24.24% and a net margin of 6.70%. The business had revenue of $293.18 million during the quarter, compared to analyst estimates of $293.66 million. During the same period in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts forecast that Enova International will post 3.24 EPS for the current fiscal year.

In other Enova International news, COO Gregory T. Zeeman sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.37, for a total value of $609,250.00. Following the completion of the sale, the chief operating officer now directly owns 168,817 shares in the company, valued at $4,114,070.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregory T. Zeeman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $24.23, for a total value of $242,300.00. Following the completion of the sale, the chief operating officer now owns 173,817 shares of the company’s stock, valued at $4,211,585.91. The disclosure for this sale can be found here. Insiders sold 43,300 shares of company stock valued at $1,052,825 over the last 90 days. 7.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Flinton Capital Management LLC lifted its position in shares of Enova International by 20.7% during the 4th quarter. Flinton Capital Management LLC now owns 3,824 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 656 shares during the last quarter. First Quadrant L P CA lifted its holdings in shares of Enova International by 19.3% in the first quarter. First Quadrant L P CA now owns 6,165 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 998 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enova International in the first quarter valued at $210,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Enova International by 321.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,096 shares of the credit services provider’s stock valued at $216,000 after purchasing an additional 8,466 shares in the last quarter. Finally, Tibra Equities Europe Ltd purchased a new stake in shares of Enova International in the fourth quarter valued at $224,000. Institutional investors own 96.20% of the company’s stock.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.

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