Enova International, Inc. (NYSE:ENVA) Director Gregg A. Kaplan Sells 7,657 Shares

Enova International, Inc. (NYSE:ENVA) Director Gregg A. Kaplan sold 7,657 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $87.51, for a total transaction of $670,064.07. Following the transaction, the director now owns 41,109 shares in the company, valued at approximately $3,597,448.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Enova International Trading Down 1.4 %

NYSE:ENVA opened at $86.89 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of 15.63 and a beta of 1.43. The stock’s 50 day moving average price is $83.55 and its 200 day moving average price is $72.38. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. Enova International, Inc. has a 52 week low of $38.89 and a 52 week high of $96.01.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.31 by $0.14. The company had revenue of $689.92 million for 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%. Enova International’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.33 EPS. On average, research analysts forecast that Enova International, Inc. will post 7.74 EPS for the current fiscal year.

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

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in ENVA. GAMMA Investing LLC increased its holdings 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 acquiring an additional 185 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp grew its holdings in Enova International by 25.1% during the second quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 233 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Enova International by 21.1% in 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 during the period. Finally, USA Financial Formulas bought a new position in shares of Enova International in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

Wall Street Analyst Weigh In

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