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

Enova International, Inc. (NYSE:ENVA) Director Gregg A. Kaplan sold 7,657 shares of Enova International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $87.51, for a total value of $670,064.07. Following the completion of the sale, the director now directly owns 41,109 shares in the company, valued at $3,597,448.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Enova International Price Performance

ENVA stock opened at $88.24 on Thursday. The stock has a market cap of $2.49 billion, a PE ratio of 15.87 and a beta of 1.43. Enova International, Inc. has a 12 month low of $38.89 and a 12 month high of $96.01. The company has a 50-day moving average price of $83.46 and a 200 day moving average price of $72.28. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International (NYSE:ENVA) last released its earnings results 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. Enova International had a return on equity of 18.41% and a net margin of 7.19%. The firm had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. Equities research analysts anticipate that Enova International, Inc. will post 7.74 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ENVA shares. BTIG Research upped their price objective on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. TD Cowen increased their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. JMP Securities lifted their price objective on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research note 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. Finally, Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Institutional Trading of Enova International

A number of large investors have recently made changes to their positions in ENVA. Foundry Partners LLC lifted 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 valued at $9,640,000 after buying an additional 15,519 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 32,779 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Enova International by 7.5% in the second quarter. Summit Global Investments now owns 25,464 shares of the credit services provider’s stock valued at $1,585,000 after purchasing an additional 1,785 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Enova International by 1.0% in 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Enova International during the 3rd quarter worth $772,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.