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

Enova International, Inc. (NYSE:ENVA) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,760,000 shares, an increase of 8.6% from the October 31st total of 1,620,000 shares. Based on an average daily volume of 199,000 shares, the short-interest ratio is presently 8.8 days. Currently, 7.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ENVA shares. Stephens assumed coverage on Enova International in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price target on the stock. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. BTIG Research boosted their target price on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Janney Montgomery Scott lowered Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Finally, JMP Securities raised their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.14.

Enova International Stock Performance

Enova International stock traded up $0.09 during mid-day trading on Wednesday, reaching $105.74. 37,144 shares of the company’s stock were exchanged, compared to its average volume of 229,007. The firm has a market capitalization of $2.77 billion, a PE ratio of 16.85 and a beta of 1.46. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The business’s fifty day simple moving average is $92.60 and its 200 day simple moving average is $78.95. Enova International has a one year low of $43.21 and a one year high of $108.15.

Enova International (NYSE:ENVA) last announced its quarterly earnings data 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 net margin of 7.19% and a return on equity of 18.41%. The business had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, sell-side analysts expect that Enova International will post 8.04 earnings per share for the current year.

Enova International declared that its board has authorized a stock repurchase program on Monday, August 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 29,158 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the completion of the sale, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 18.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James Joseph Lee sold 615 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.59, for a total transaction of $55,097.85. Following the completion of the transaction, the chief accounting officer now owns 20,646 shares in the company, valued at $1,849,675.14. This trade represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,843 shares of company stock worth $7,496,779. Insiders own 7.80% of the company’s stock.

Institutional Trading of Enova International

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in shares of Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after acquiring an additional 12,928 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Enova International by 10.2% in the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock worth $1,188,000 after purchasing an additional 1,311 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock worth $10,286,000 after buying an additional 1,328 shares during the period. F M Investments LLC bought a new stake in Enova International during the 3rd quarter valued at $242,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after acquiring an additional 200 shares during the period. 89.43% of the stock is owned by institutional investors.

About Enova International

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.