Insider Selling: Enova International, Inc. (NYSE:ENVA) CFO Sells 29,158 Shares of Stock

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the completion of the sale, the chief financial officer now directly owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Enova International Trading Up 0.2 %

Shares of NYSE ENVA traded up $0.14 during mid-day trading on Tuesday, hitting $87.11. 200,501 shares of the company traded hands, compared to its average volume of 232,855. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International, Inc. has a 1 year low of $38.89 and a 1 year high of $96.01. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 15.56 and a beta of 1.43. The business has a 50 day moving average of $83.23 and a two-hundred day moving average of $71.97.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period last year, the firm posted $1.33 earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Enova International, Inc. will post 7.74 earnings per share for the current fiscal year.

Enova International declared that its board has authorized a stock repurchase plan on Monday, August 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Enova International

Several hedge funds have recently bought and sold shares of ENVA. GAMMA Investing LLC grew its stake in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Enova International by 83.8% during the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 424 shares during the period. USA Financial Formulas purchased a new position in Enova International during the third quarter valued at approximately $76,000. SG Americas Securities LLC acquired a new position in Enova International in the 1st quarter valued at approximately $223,000. Finally, Lazard Asset Management LLC increased its stake in Enova International by 21.1% in the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after buying an additional 636 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ENVA shares. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. TD Cowen boosted their price objective on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research upped their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, JMP Securities upped their price target on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.33.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; 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.