Enova International, Inc. (NYSE:ENVA) CFO Sells $2,610,515.74 in Stock

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 29,158 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.53, for a total value of $2,610,515.74. Following the transaction, the chief financial officer now owns 130,355 shares in the company, valued at $11,670,683.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Enova International Stock Performance

Enova International stock opened at $86.89 on Friday. Enova International, Inc. has a 12-month low of $38.89 and a 12-month high of $96.01. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. The business’s 50-day moving average price is $83.55 and its two-hundred day moving average price is $72.38. The stock has a market cap of $2.45 billion, a PE ratio of 15.63 and a beta of 1.43.

Enova International (NYSE:ENVA) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The firm had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, analysts expect that Enova International, Inc. will post 7.74 earnings per share for the current fiscal year.

Enova International declared that its board has initiated a share buyback plan on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Enova International by 27.6% during the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. J.Safra Asset Management Corp boosted its stake 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 valued at $58,000 after purchasing an additional 424 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Enova International during the third quarter valued at about $76,000. SG Americas Securities LLC acquired a new stake in shares of Enova International during the first quarter valued at about $223,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Enova International by 21.1% during the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 636 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enova International Company Profile

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.