Enova International, Inc. (NYSE:ENVA – Get Free Report) General Counsel Sean Rahilly sold 10,000 shares of Enova International stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $183.26, for a total value of $1,832,600.00. Following the completion of the sale, the general counsel owned 104,249 shares in the company, valued at approximately $19,104,671.74. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Enova International Trading Down 0.2%
Shares of ENVA traded down $0.27 during mid-day trading on Monday, hitting $173.82. 228,758 shares of the company’s stock traded hands, compared to its average volume of 323,004. The company has a quick ratio of 18.91, a current ratio of 18.92 and a debt-to-equity ratio of 3.43. The firm has a market capitalization of $4.25 billion, a P/E ratio of 11.97 and a beta of 1.28. The business’s 50-day moving average price is $192.99 and its 200-day moving average price is $183.74. Enova International, Inc. has a 1 year low of $118.31 and a 1 year high of $267.45.
Enova International (NYSE:ENVA – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $3.36 earnings per share. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Enova International, Inc. will post 16.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Enova International
A number of institutional investors and hedge funds have recently made changes to their positions in ENVA. Amundi lifted its holdings in shares of Enova International by 66.6% during the second quarter. Amundi now owns 207,684 shares of the credit services provider’s stock valued at $49,996,000 after purchasing an additional 83,002 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Enova International during the second quarter valued at $38,453,000. Tieton Capital Management LLC bought a new stake in Enova International in the second quarter worth $26,577,000. Alyeska Investment Group L.P. bought a new stake in Enova International in the second quarter worth $25,749,000. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in Enova International by 49.4% in the third quarter. Prescott Group Capital Management L.L.C. now owns 135,898 shares of the credit services provider’s stock worth $22,710,000 after acquiring an additional 44,946 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Stephens boosted their price target on shares of Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Wall Street Zen cut Enova International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research report on Thursday, October 15th. Zacks Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Finally, Maxim Group lowered their price objective on Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.00.
View Our Latest Research Report on Enova International
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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