Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham Sells 29,158 Shares

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.53, for a total value of $2,610,515.74. Following the completion of the sale, the chief financial officer now owns 130,355 shares of the company’s stock, valued at $11,670,683.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Enova International Trading Up 0.2 %

Shares of ENVA stock opened at $87.11 on Wednesday. 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 company has a 50 day moving average of $83.34 and a 200-day moving average of $72.17. Enova International, Inc. has a 12-month low of $38.89 and a 12-month high of $96.01. The firm has a market cap of $2.46 billion, a P/E ratio of 15.67 and a beta of 1.43.

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. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The business 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 firm posted $1.33 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Sell-side analysts anticipate that Enova International, Inc. will post 7.74 earnings per share for the current year.

Enova International declared that its board has authorized a share buyback plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Enova International

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in 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 acquiring an additional 185 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock worth $58,000 after buying an additional 424 shares in the last quarter. USA Financial Formulas bought a new stake in Enova International during the third quarter valued at $76,000. SG Americas Securities LLC purchased a new position in Enova International during the first quarter worth about $223,000. Finally, Lazard Asset Management LLC increased its stake in 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 worth $228,000 after acquiring an additional 636 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ENVA has been the subject of a number of recent research reports. Janney Montgomery Scott downgraded 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 stock a “market outperform” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. TD Cowen increased their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, BTIG Research boosted their price target on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.