Enova International Inc. (NYSE:ENVA) shares traded 5.65% higher at $40.42 on Wall Street last session.
ENVA stock price is now 22.06% away from the 50-day moving average and 16.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26B.
With the price target maintained at $49, Janney recently Upgraded its rating from Neutral to Buy for Enova International Inc. (NYSE: ENVA). On February 11, 2022, Janney Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $46 to quote $48, while ‘Maxim Group’ rates the stock as ‘Buy’.
In other news, Cunningham Steven E, Chief Financial Officer sold 29,674 shares of the company’s stock on Oct 04. The stock was sold for $919,894 at an average price of $31.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 178,356 shares in the company, valued at $7.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14, General Counsel and Secretary Rahilly Sean sold 1,430 shares of the business’s stock. A total of $63,706 was realized by selling the stock at an average price of $44.55. This leaves the insider owning 77,803 shares of the company worth $3.14 million. Insiders disposed of 151,085 shares of company stock worth roughly $6.11 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ENVA stock. A new stake in Enova International Inc. shares was purchased by MANGROVE PARTNERS during the first quarter worth $19,958,000. FIRST TRUST ADVISORS LP invested $3,952,000 in shares of ENVA during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Enova International Inc. valued at approximately $1,656,000. TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in ENVA for approximately $895,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in ENVA valued at around $718,000 in the second quarter. In total, there are 283 active investors with 96.40% ownership of the company’s stock.
Enova International Inc. (NYSE: ENVA) opened at $39.29 on Thursday. During the past 12 months, Enova International Inc. has had a low of $25.80 and a high of $47.88. As of last week, the company has a debt-to-equity ratio of 1.80, a current ratio of 18.00, and a quick ratio of 18.00. The fifty day moving average price for ENVA is $33.11 and a two-hundred day moving average price translates $34.77 for the stock.
The latest earnings results from Enova International Inc. (NYSE: ENVA) was released for Sep, 2022. According to the Credit Services Company, earnings per share came in at $1.74, beating analysts’ expectations of $1.64 by 0.1. This compares to $1.36 EPS in the same period last year. The net profit margin was 18.50% and return on equity was 18.50% for ENVA. The company reported revenue of $456.2 million for the quarter, compared to $320.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.49 percent. For the current quarter, analysts expect ENVA to generate $473.12M in revenue.
Enova International Inc.(ENVA) Company Profile
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; receivables purchase agreements; 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. It markets its financing products under the CashNetUSA, NetCredit, OnDeck, Headway Capital, The Business Backer, Simplic, and Pangea names. Enova International, Inc. was incorporated in 2011 and is headquartered in Chicago, Illinois.