Steven E. Cunningham Sells 2,455 Shares of Enova International, Inc. (NYSE:ENVA) Stock

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 2,455 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $89.75, for a total transaction of $220,336.25. Following the completion of the transaction, the chief financial officer now owns 127,900 shares in the company, valued at approximately $11,479,025. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Enova International Price Performance

NYSE:ENVA traded down $2.44 during trading hours on Thursday, hitting $99.30. 288,108 shares of the stock traded hands, compared to its average volume of 234,174. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 15.88 and a beta of 1.42. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International, Inc. has a 1 year low of $38.89 and a 1 year high of $102.11. The stock has a 50 day moving average price of $84.26 and a 200 day moving average price of $73.40.

Enova International (NYSE:ENVA) last issued 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. The firm had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business’s revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. Sell-side analysts forecast that Enova International, Inc. will post 8.04 EPS for the current fiscal year.

Enova International declared that its Board of Directors has authorized a stock buyback program 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 buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication 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. BNP Paribas Financial Markets increased its position in shares of Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of Enova International by 11.3% in the first quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after acquiring an additional 15,519 shares during the period. SG Americas Securities LLC acquired a new position in Enova International in the 3rd quarter valued at about $772,000. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International in the 2nd quarter valued at about $235,000. Finally, F M Investments LLC acquired a new position in Enova International in the 3rd quarter valued at about $242,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ENVA shares. JMP Securities increased their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. BTIG Research lifted their price target on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen lifted their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.