Insider Selling: Enova International, Inc. (NYSE:ENVA) CEO Sells 10,000 Shares of Stock

Enova International, Inc. (NYSE:ENVA) CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $105.47, for a total transaction of $1,054,700.00. Following the transaction, the chief executive officer now owns 389,925 shares in the company, valued at $41,125,389.75. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

David Fisher also recently made the following trade(s):

• On Wednesday, November 6th, David Fisher sold 13,314 shares of Enova International stock. The stock was sold at an average price of $101.74, for a total transaction of $1,354,566.36.

Enova International Price Performance

ENVA traded down $0.84 during trading on Wednesday, reaching $105.54. The stock had a trading volume of 110,950 shares, compared to its average volume of 230,883. The business has a 50-day moving average of $90.39 and a 200-day moving average of $77.41. Enova International, Inc. has a one year low of $40.37 and a one year high of $108.15. The company has a debt-to-equity ratio of 2.79, a quick ratio of 15.82 and a current ratio of 15.82. The stock has a market cap of $2.77 billion, a PE ratio of 16.97 and a beta of 1.42.

Enova International (NYSE:ENVA) last posted its quarterly 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 net margin of 7.19% and a return on equity of 18.41%. The firm had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period last year, the firm posted $1.33 earnings per share. The business’s revenue was up 25.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Enova International, Inc. will post 8.04 EPS for the current fiscal year.

Enova International declared that its Board of Directors has authorized a share buyback plan on Monday, August 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on ENVA shares. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. TD Cowen boosted their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Stephens assumed coverage on shares of Enova International in a research report on Wednesday, November 13th. They set an “overweight” rating and a $108.00 target price for the company. Finally, BTIG Research increased their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smith Shellnut Wilson LLC ADV bought a new position in Enova International in the 2nd quarter worth about $235,000. SG Americas Securities LLC purchased a new stake in shares of Enova International during the third quarter valued at approximately $772,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Enova International by 1.0% in the 3rd 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 last quarter. GAMMA Investing LLC lifted its position in Enova International by 27.6% in the 2nd quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 185 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Enova International by 21.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after purchasing an additional 636 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

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.