JPMorgan Chase & Co. raised its holdings in shares of Enova International Inc (NYSE:ENVA) by 231.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 470,097 shares of the credit services provider’s stock after acquiring an additional 328,416 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.39% of Enova International worth $10,366,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Spark Investment Management LLC bought a new stake in Enova International during the first quarter valued at about $553,000. Matarin Capital Management LLC bought a new stake in Enova International during the first quarter valued at about $5,288,000. Engineers Gate Manager LP bought a new stake in Enova International during the first quarter valued at about $841,000. Bailard Inc. bought a new stake in Enova International during the first quarter valued at about $315,000. Finally, Swiss National Bank raised its holdings in Enova International by 5.9% during the first quarter. Swiss National Bank now owns 46,900 shares of the credit services provider’s stock valued at $1,034,000 after acquiring an additional 2,600 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on ENVA. Zacks Investment Research cut Enova International from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. TheStreet raised Enova International from a “c” rating to a “b-” rating in a report on Friday, April 27th. JMP Securities raised their price target on Enova International from $24.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, April 27th. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Finally, Maxim Group raised their price target on Enova International from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, April 30th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.40.
Shares of ENVA stock opened at $36.50 on Friday. Enova International Inc has a 12-month low of $11.15 and a 12-month high of $37.05. The company has a current ratio of 9.45, a quick ratio of 9.45 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $1.24 billion, a PE ratio of 21.95 and a beta of 2.85.
Enova International (NYSE:ENVA) last issued its earnings results on Thursday, April 26th. The credit services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.34. Enova International had a return on equity of 20.25% and a net margin of 4.78%. The firm had revenue of $254.30 million for the quarter, compared to analysts’ expectations of $231.68 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 32.2% compared to the same quarter last year. analysts predict that Enova International Inc will post 2.14 EPS for the current year.
Enova International Profile
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 through existing tools and technologies.
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