Enova International, Inc. (NYSE:ENVA) Short Interest Update

Enova International, Inc. (NYSE:ENVA) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,290,000 shares, an increase of 10.3% from the March 31st total of 1,170,000 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average daily trading volume, of 273,200 shares, the days-to-cover ratio is currently 4.7 days.

Insiders Place Their Bets

In other Enova International news, Director Linda Johnson Rice sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total value of $310,600.00. Following the completion of the sale, the director now owns 9,182 shares in the company, valued at $570,385.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Linda Johnson Rice sold 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $62.12, for a total transaction of $310,600.00. Following the completion of the sale, the director now owns 9,182 shares in the company, valued at $570,385.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven E. Cunningham sold 30,590 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.00, for a total value of $1,927,170.00. Following the sale, the chief financial officer now owns 141,713 shares of the company’s stock, valued at approximately $8,927,919. The disclosure for this sale can be found here. Insiders sold a total of 61,528 shares of company stock worth $3,726,727 over the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 32,779 shares during the last quarter. Orchard Capital Management LLC lifted its stake in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock worth $12,862,000 after acquiring an additional 53,647 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Enova International during the 4th quarter worth approximately $957,000. GAMMA Investing LLC bought a new stake in shares of Enova International during the 4th quarter worth approximately $37,000. Finally, Foundry Partners LLC lifted its stake in shares of Enova International by 7.3% during the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after acquiring an additional 9,357 shares during the last quarter. 89.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

ENVA has been the subject of several research analyst reports. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Thursday. Maxim Group raised their price target on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JMP Securities raised their price target on Enova International from $73.00 to $78.00 and gave the company a “market outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group raised their price target on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, BMO Capital Markets raised their price target on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.60.

Enova International Price Performance

NYSE:ENVA opened at $61.04 on Thursday. Enova International has a 1 year low of $35.30 and a 1 year high of $65.00. The company has a debt-to-equity ratio of 2.64, a current ratio of 13.15 and a quick ratio of 13.15. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.98 and a beta of 1.55. The business has a 50 day simple moving average of $61.73 and a 200-day simple moving average of $54.03.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. Enova International had a return on equity of 15.77% and a net margin of 7.69%. The firm had revenue of $583.59 million during the quarter, compared to analyst estimates of $587.34 million. Equities analysts forecast that Enova International will post 7.34 EPS for the current year.

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.