Enova International (NYSE:ENVA) CEO Sells 15,305 Shares of Stock

Enova International, Inc. (NYSE:ENVA – Get Free Report) CEO Steven Cunningham sold 15,305 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $172.00, for a total value of $2,632,460.00. Following the completion of the transaction, the chief executive officer owned 118,789 shares in the company, valued at approximately $20,431,708. The trade was a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Enova International Stock Performance

NYSE:ENVA traded up $1.15 during trading hours on Thursday, reaching $180.97. The stock had a trading volume of 354,329 shares, compared to its average volume of 323,887. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. The stock has a 50 day simple moving average of $195.78 and a 200 day simple moving average of $183.57. Enova International, Inc. has a 12-month low of $118.28 and a 12-month high of $267.45. The stock has a market cap of $4.43 billion, a P/E ratio of 12.46 and a beta of 1.28.

Enova International (NYSE:ENVA – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a return on equity of 27.25% and a net margin of 10.47%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $3.36 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. On average, research analysts forecast that Enova International, Inc. will post 16.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Enova International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amundi boosted its position in shares of Enova International by 66.6% in the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after acquiring an additional 83,002 shares during the period. Bank of New York Mellon Corp bought a new stake in Enova International during the 2nd quarter worth approximately $38,453,000. Tieton Capital Management LLC bought a new stake in Enova International during the 2nd quarter worth approximately $26,577,000. Alyeska Investment Group L.P. purchased a new stake in Enova International in the 2nd quarter worth approximately $25,749,000. Finally, Assenagon Asset Management S.A. lifted its stake in Enova International by 133.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 72,385 shares of the credit services provider’s stock worth $12,096,000 after purchasing an additional 41,378 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENVA has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on shares of Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. TD Cowen boosted their target price on shares of Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Stephens increased their target price on Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Maxim Group dropped their target price on Enova International from $285.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wall Street Zen lowered Enova International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.00.

View Our Latest Research Report on ENVA

Enova International Company Profile

(Get Free Report)

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.

Further Reading

Insider Buying and Selling by Quarter for Enova International (NYSE:ENVA)

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