Insider Selling: Enova International, Inc. (NYSE:ENVA) Insider Sells 17,644 Shares of Stock

Enova International, Inc. (NYSE:ENVA) insider Kirk Chartier sold 17,644 shares of Enova International stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $86.80, for a total value of $1,531,499.20. Following the transaction, the insider now directly owns 117,422 shares in the company, valued at approximately $10,192,229.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Enova International Stock Up 1.3 %

Shares of NYSE:ENVA opened at $88.24 on Thursday. Enova International, Inc. has a 52 week low of $38.89 and a 52 week high of $96.01. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The company has a market cap of $2.49 billion, a PE ratio of 15.87 and a beta of 1.43. The firm has a 50 day simple moving average of $83.46 and a 200 day simple moving average of $72.28.

Enova International (NYSE:ENVA) last issued 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 return on equity of 18.41% and a net margin of 7.19%. The business had revenue of $689.92 million during the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter last year, the firm posted $1.33 earnings per share. Enova International’s revenue was up 25.1% compared to the same quarter last year. As a group, research analysts expect that Enova International, Inc. will post 7.74 earnings per share for the current year.

Enova International declared that its board has authorized a stock buyback plan on Monday, August 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Enova International

Several institutional investors and hedge funds have recently bought and sold shares of ENVA. BNP Paribas Financial Markets boosted its holdings in shares of Enova International by 172.5% during the first quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 32,779 shares during the period. Foundry Partners LLC boosted its stake in shares of Enova International by 11.3% during the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after buying an additional 15,519 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Enova International during the 3rd quarter valued at $772,000. Smith Shellnut Wilson LLC ADV purchased a new position in shares of Enova International during the 2nd quarter valued at $235,000. Finally, F M Investments LLC acquired a new position in shares of Enova International in the third quarter worth $242,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. JMP Securities raised their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. TD Cowen lifted 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. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, BTIG Research raised their price objective on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enova International has an average rating of “Moderate Buy” and an average target price of $88.33.

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.