Enova International (NYSE:ENVA) Price Target Increased to $129.00

Enova International (NYSE:ENVA) has recently seen a price target adjustment from BTIG Research, which has increased its target from $122.00 to $129.00 in a report disseminated to investors. BTIG Research maintains a buy rating on the company's stock, indicating confidence in its growth potential.

Additionally, other analysts have shared their insights regarding Enova International's stock. JMP Securities raised their price target from $125.00 to $135.00, designating the stock with a 'market outperform' rating in a report released on the same day. Stephens, on the other hand, initiated coverage on November 13th, issuing an 'overweight' rating and setting a price target of $108.00 for the firm.

Further adjustments were made by TD Cowen, which increased their target price from $85.00 to $96.00 while maintaining a 'hold' rating on the stock. StockNews.com also upgraded its stance on Enova International, moving from a 'hold' rating to a 'buy' rating on October 21st.

Currently, the consensus rating for Enova International stands at 'Moderate Buy,' with 3 analysts recommending a hold and 6 advising to buy the stock. The consensus price target across these analyses is approximately $110.14.

Current Stock Performance

As of Wednesday, NYSE ENVA opened at $114.91, reflecting a slight decrease of 1.4%. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.33, and a beta of 1.49. Enova International's stock traded between a 12-month low of $53.80 and a high of $117.56. Its 50-day and 200-day simple moving averages are currently at $103.70 and $92.30 respectively.

Recent Earnings Report

Enova International recently released its quarterly earnings on February 4th, revealing earnings per share (EPS) of $2.37, surpassing the analysts' expectations of $2.29. The company reported a net margin of 7.19% and a return on equity of 18.41%. Analysts predict that for the current year, Enova International will achieve an EPS of approximately $7.98.

Insider Activity

In recent news involving insider transactions, CEO David Fisher sold 10,000 shares of Enova International on December 3rd at an average price of $105.59, totaling about $1,055,900. Following this transaction, Fisher retains ownership of 369,905 shares, valued at roughly $39 million. This sale represented a 2.63% decrease in his ownership stake. Corporate insiders hold about 7.80% of the company’s stock.

Institutional Investments

Institutional investors have also been active, with several firms adjusting their investments in Enova International. BNP Paribas Financial Markets increased its holdings by 28.6% during the third quarter, now owning 58,066 shares valued at around $4.87 million. Crossmark Global Holdings and SG Americas Securities both initiated new positions in the fourth and third quarters, respectively, while Livforsakringsbolaget Skandia Omsesidigt has also increased its stake by 1.0%. Collectively, institutional investors own approximately 89.43% of the stock.

About Enova International

Enova International, Inc. is a technology and analytics-driven company providing online financial services in various regions, including the United States and Brazil. The firm specializes in installment loans, credit lines, and various loan servicing programs, which cater to near-prime and unsecured consumer requirements.

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