Insider Selling: Enova International, Inc. (NYSE:ENVA) CFO Sells 2,455 Shares of Stock

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

Enova International Price Performance

ENVA opened at $100.63 on Friday. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The stock has a market capitalization of $2.64 billion, a P/E ratio of 16.05 and a beta of 1.42. The company’s 50 day simple moving average is $84.86 and its 200-day simple moving average is $73.85. Enova International, Inc. has a one year low of $38.89 and a one year high of $102.11.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. The firm 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 business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Sell-side analysts anticipate that Enova International, Inc. will post 8.04 earnings per share for the current fiscal year.

Enova International announced that its Board of Directors has authorized a stock buyback program on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew 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 buying an additional 32,779 shares during the period. SG Americas Securities LLC bought a new position in Enova International in the first quarter valued at approximately $223,000. Foundry Partners LLC grew its holdings in Enova International by 11.3% during the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock worth $9,640,000 after acquiring an additional 15,519 shares during the period. J.Safra Asset Management Corp raised its position in shares of Enova International by 83.8% during the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 424 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of 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 purchasing an additional 636 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports 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 lifted their price target 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. Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. JMP Securities lifted their target price on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.