Enova International, Inc. (NYSE:ENVA – Get Free Report) Chairman David Fisher sold 13,200 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $171.79, for a total transaction of $2,267,628.00. Following the completion of the transaction, the chairman owned 306,444 shares in the company, valued at approximately $52,644,014.76. The trade was a 4.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
David Fisher also recently made the following trade(s):
- On Wednesday, October 28th, David Fisher sold 9,957 shares of Enova International stock. The shares were sold at an average price of $178.16, for a total transaction of $1,773,939.12.
- On Thursday, September 17th, David Fisher sold 20,750 shares of Enova International stock. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00.
- On Tuesday, August 25th, David Fisher sold 9,491 shares of Enova International stock. The shares were sold at an average price of $244.01, for a total transaction of $2,315,898.91.
- On Wednesday, August 26th, David Fisher sold 9,078 shares of Enova International stock. The stock was sold at an average price of $239.16, for a total transaction of $2,171,094.48.
Enova International Stock Down 4.1%
Shares of Enova International stock opened at $173.56 on Friday. The company has a 50-day simple moving average of $192.99 and a two-hundred day simple moving average of $183.74. The stock has a market capitalization of $4.25 billion, a PE ratio of 11.95 and a beta of 1.28. Enova International, Inc. has a 52-week low of $118.28 and a 52-week high of $267.45. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92.
Enova International (NYSE:ENVA – Get Free Report) last posted 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. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.36 earnings per share. On average, analysts anticipate that Enova International, Inc. will post 16.32 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently issued reports on ENVA. Stephens upped their price objective on Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Maxim Group reduced their target price on Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a report on Monday, October 26th. Citigroup restated a “market outperform” rating on shares of Enova International in a research note on Friday, October 23rd. Citizens Jmp upped their price target on Enova International from $215.00 to $220.00 and gave the company a “market outperform” rating in a report on Friday, October 23rd. Finally, TD Cowen increased their price objective on Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.00.
Get Our Latest Stock Analysis on ENVA
Key Headlines Impacting Enova International
Here are the key news stories impacting Enova International this week:
- Positive Sentiment: Enova’s latest quarterly results were better than expected, with adjusted earnings of $4.48 per share versus the $4.42 consensus and revenue of approximately $1.01 billion. Revenue increased 25.7% year over year, supporting the company’s earnings-growth outlook. Analysts remain broadly constructive, with eight Buy ratings and an average price target of $239. Enova earnings and valuation analysis
- Neutral Sentiment: Institutional ownership remains high at about 89%, and several large investment managers increased their positions during recent quarters. This indicates continued support from professional investors, although it has not offset recent selling pressure. Enova institutional and insider trading data
- Negative Sentiment: Glancy Prongay Wolke & Rotter LLP is continuing to investigate possible securities fraud claims involving Enova. Pomerantz LLP separately announced an investor investigation. The announcements do not establish wrongdoing, but they increase potential legal costs, reputational risk and uncertainty for shareholders. Glancy Prongay Wolke & Rotter investigation Pomerantz investor investigation
- Negative Sentiment: Company insiders sold substantial amounts of stock: Chairman David Fisher sold roughly $4.04 million across October 27–28, CEO Steven Cunningham sold $2.63 million, and insider Kirk Chartier sold $4.80 million. The sales reduced their holdings by approximately 3% to 27% and may be interpreted as a near-term confidence concern, even though insider selling can also reflect personal financial planning. SEC insider trading filing
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in Enova International during the second quarter valued at approximately $38,453,000. Tieton Capital Management LLC bought a new stake in Enova International in the 2nd quarter worth approximately $26,577,000. Alyeska Investment Group L.P. bought a new stake in Enova International in the 2nd quarter worth approximately $25,749,000. Amundi grew its position in Enova International by 66.6% in the 2nd quarter. Amundi now owns 207,684 shares of the credit services provider’s stock worth $49,996,000 after purchasing an additional 83,002 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its stake in Enova International by 49.4% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 135,898 shares of the credit services provider’s stock valued at $22,710,000 after buying an additional 44,946 shares during the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.
Enova International Company Profile
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.
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