Enova International, Inc. (NYSE:ENVA) Insider Sells $1,531,499.20 in Stock

Enova International, Inc. (NYSE:ENVA) insider Kirk Chartier sold 17,644 shares of Enova International stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $86.80, for a total transaction of $1,531,499.20. Following the completion of the transaction, the insider now owns 117,422 shares of the company’s stock, valued at $10,192,229.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Enova International Price Performance

NYSE ENVA traded up $1.01 during trading on Wednesday, reaching $88.12. The company’s stock had a trading volume of 262,296 shares, compared to its average volume of 232,996. The stock has a market capitalization of $2.48 billion, a PE ratio of 15.67 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The firm has a fifty day moving average of $83.34 and a 200 day moving average of $72.17. Enova International, Inc. has a one year low of $38.89 and a one year high of $96.01.

Enova International (NYSE:ENVA) last announced its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Analysts expect that Enova International, Inc. will post 7.74 EPS for the current fiscal year.

Enova International declared that its Board of Directors has authorized a share repurchase 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 purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several recent research reports. TD Cowen lifted their price target on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research 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. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. JMP Securities raised their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research upped their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Enova International presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

Hedge Funds Weigh In On Enova International

Institutional investors have recently added to or reduced their stakes in the business. 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 valued at $3,253,000 after purchasing an additional 32,779 shares during the last quarter. Smith Shellnut Wilson LLC ADV bought a new position in shares of Enova International during the 2nd quarter valued at about $235,000. SG Americas Securities LLC bought a new position in shares of Enova International during the 1st quarter valued at about $223,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Enova International by 1.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 185 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

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.