Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham Sells 2,455 Shares of Stock

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 2,455 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total value of $220,336.25. Following the transaction, the chief financial officer now directly owns 127,900 shares in the company, valued at $11,479,025. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Enova International Stock Down 2.3 %

NYSE:ENVA opened at $99.36 on Friday. 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 stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 15.88 and a beta of 1.42. Enova International, Inc. has a 52 week low of $38.89 and a 52 week high of $102.11. The stock’s fifty day moving average is $84.26 and its two-hundred day moving average is $73.40.

Enova International (NYSE:ENVA) last issued its quarterly earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. Enova International had a net margin of 7.19% and a return on equity of 18.41%. The company had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Research analysts anticipate that Enova International, Inc. will post 8.04 EPS for the current year.

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

Institutional Trading of Enova International

A number of large investors have recently modified their holdings of ENVA. GAMMA Investing LLC increased its holdings in Enova International by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 185 shares during the period. USA Financial Formulas purchased a new stake in shares of Enova International during the third quarter worth approximately $76,000. J.Safra Asset Management Corp raised its holdings in Enova International by 83.8% in the first quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 424 shares in the last quarter. F M Investments LLC purchased a new position in Enova International in the third quarter worth approximately $242,000. Finally, SG Americas Securities LLC acquired a new position in Enova International during the 1st quarter worth approximately $223,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. BTIG Research boosted their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JMP Securities raised their price target 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 upped their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Enova International currently has a consensus 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.