Insider Selling: Enova International, Inc. (NYSE:ENVA) CEO Sells $1,055,900.00 in Stock

Enova International, Inc. (NYSE:ENVA) CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the transaction, the chief executive officer now directly owns 369,905 shares in the company, valued at $39,058,268.95. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

David Fisher also recently made the following trade(s):

• On Tuesday, November 26th, David Fisher sold 10,000 shares of Enova International stock. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00.
• On Wednesday, November 6th, David Fisher sold 13,314 shares of Enova International stock. The shares were sold at an average price of $101.74, for a total value of $1,354,566.36.

Enova International Trading Down 0.2 %

Enova International stock traded down $0.20 during trading hours on Thursday, hitting $105.87. The stock had a trading volume of 125,857 shares, compared to its average volume of 229,630. The business’s 50 day simple moving average is $93.11 and its 200-day simple moving average is $79.13. Enova International, Inc. has a one year low of $43.48 and a one year high of $108.15. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 16.92 and a beta of 1.46. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79.

Enova International (NYSE:ENVA) last posted its 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. 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 the consensus estimate of $666.33 million. During the same period last year, the company earned $1.33 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. On average, equities analysts predict that Enova International, Inc. will post 8.04 EPS for the current fiscal year.

Enova International announced that its Board of Directors has authorized a stock 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 reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ENVA shares. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities boosted 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 report on Wednesday, October 23rd. TD Cowen increased their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, Stephens assumed coverage on Enova International in a report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.14.

Institutional Trading of Enova International

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock worth $4,865,000 after acquiring an additional 12,928 shares during the period. Quantbot Technologies LP lifted its position in shares of Enova International by 10.2% in the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after purchasing an additional 1,311 shares during the period. Foundry Partners LLC increased its position in shares of Enova International by 1.1% during the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after buying an additional 1,328 shares during the period. F M Investments LLC acquired a new stake in shares of Enova International during the third quarter worth $242,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings 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 valued at $1,694,000 after buying an additional 200 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.