Enova International (NYSE:ENVA) rating downgraded to hold on StockNews.com

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Enova International (NYSE: ENVAGet a rating) was downgraded by stock analysts to StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, JMP Securities reissued a “buy” rating and set a price target of $42.00 on shares of Enova International in a Thursday, September 29 research report.

Enova International Awards Performance

ENVA stock opened at $37.41 on Tuesday. The company has a market capitalization of $1.18 billion, a P/E ratio of 6.31 and a beta of 1.50. Enova International has a 52-week low of $25.80 and a 52-week high of $47.88. The company has a debt ratio of 1.80, a quick ratio of 13.45 and a current ratio of 14.87. The company’s fifty-day moving average is $32.94 and its 200-day moving average is $32.71.

Enova International (NYSE: ENVAGet a rating) last announced its quarterly results on Thursday, October 27. The credit services provider reported earnings per share (EPS) of $1.61 for the quarter, beating analyst consensus estimates of $1.48 by $0.13. Enova International had a net margin of 12.72% and a return on equity of 19.25%. The company posted revenue of $456.20 million for the quarter, versus analyst estimates of $441.25 million. Research analysts predict that Enova International will post earnings per share of 6.25 for the current year.

Insider Trading at Enova International

Separately, Chief Financial Officer Steven E. Cunningham sold 29,674 shares of the company in a transaction that took place on Tuesday, October 4. The shares were sold at an average price of $31.00, for a total transaction of $919,894.00. Following the completion of the sale, the CFO now directly owns 178,356 shares of the company, valued at $5,529,036. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Insiders of the company own 7.20% of the shares of the company.

Institutional investors weigh in on Enova International

Hedge funds have recently been buying and selling shares of the company. Quantbot Technologies LP bought a new stake in shares of Enova International in the third quarter at a value of $102,000. Denali Advisors LLC increased its holdings of Enova International shares by 18.3% in the third quarter. Denali Advisors LLC now owns 89,353 shares of the credit services provider worth $2,615,000 after buying 13,800 additional shares in the last quarter. Summit Global Investments increased its holdings of Enova International shares by 49.5% in the second 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 holdings of Enova International shares by 13.3% in the second quarter. UBS Asset Management Americas Inc. now owns 46,568 shares of the credit services provider worth $1,342,000 after purchasing an additional 5,461 shares in the last quarter. Finally, Alpha DNA Investment Management LLC increased its holdings of Enova International shares by 2.3% in the second 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. Hedge funds and other institutional investors hold 92.43% of the company’s shares.

About Enova International

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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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