The company is now up by 6.13 percent from yesterday’s close. The stock is trading at $16.45 just above $14.17, the 50 day moving average and which is marginally higher than the 200 day moving average of $13.97. The 50 day moving average went up by +14.33% and the 200 day average went up $2.23 or +15.93%.
There has been some selling insider activity on Enova International, Inc. (NYSE:ENVA) recently. John Higginson, VP – Chief Technology Officer sold $50,085 worth of shares at an average price of $14.31 on March 17th. That brings Higginson’s holdings to $599,346 as recorded in a recent Form 4 SEC filing.
Enova International, Inc., launched on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington D.C. in the United States. The Company provides online financial services to non-prime credit consumers and small businesses in the United States, United Kingdom, and Brazil. Its customers include small businesses, which have bank accounts but use alternative financial services because of their limited access to more traditional credit from banks, credit card companies and other lenders. The Business’s financing products include short-term loans, line of credit accounts, installment loans and receivables purchase agreements (RPAs)..
These firms have also modified their investment in ENVA. As of the end of the quarter Capital One, National Association had bought 1,937 shares growing its stake by 6.1%. The value of the investment in ENVA increased from $468,000 to $497,000 a change of $29,000 for the reporting period. As of quarter end Capstone Asset Management Co had disposed of a total of 410 shares trimming its holdings by 2.5%. The value in dollars went from $246,000 to $240,000 decreasing 2.4% since the last quarter.
As of the end of the quarter Symphony Asset Management LLC had disposed of 7,255 shares trimming its position 10.0%. The value of the company’s investment in Enova International, Inc. decreased from $1,079,000 to $821,000 a change of 23.9% quarter to quarter. As of quarter end Mackenzie Financial Corp had disposed of 3,900 shares trimming its holdings by 2.6%. The value of the investment in Enova International, Inc. increased from $1,893,000 to $2,182,000 a change of $289,000 quarter over quarter.
Maxim Group started covering the stock with an initial rating of “Buy”. On September 13 JMP Securities held the stock rating at “Market Outperform” and lowered the price expectation from $26.00 to $11.50.
On September 1, 2016 Jefferies began coverage with a rating of “Buy” and setting a price target of $12.00. July 29 investment analysts at FBR Capital left the company rating at “Market Perform” and moved up the price target to $9.00 from $6.50.
Equity analyst Macquarie issued its first research report on the stock giving it an initial rating of “Neutral”. On February 8 FBR Capital left the stock rating at “Market Perform” and lowered the price target from $13.00 to $6.50.
The company’s P/E ratio is 14.19 and market capitalization is 542.54M. As of the last earnings report the EPS was $1.14 and is projected to be $1.41 for the current year with 33,490,000 shares outstanding. Next quarter’s EPS is forecasted at $0.30 and the next full year EPS is projected to be $1.67.