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

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 2,455 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total transaction of $220,336.25. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Enova International Stock Performance

Shares of NYSE ENVA traded down $2.44 during mid-day trading on Thursday, hitting $99.30. The company had a trading volume of 288,108 shares, compared to its average volume of 234,174. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The business’s 50-day simple moving average is $84.26 and its 200-day simple moving average is $73.40. Enova International, Inc. has a 12 month low of $38.89 and a 12 month high of $102.11. The firm has a market cap of $2.60 billion, a P/E ratio of 15.88 and a beta of 1.42.

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

Enova International declared that its board has initiated a share repurchase plan on Monday, August 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ENVA has been the topic of a number of research reports. JMP Securities upped their price target on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 23rd. TD Cowen upped their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. 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. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.33.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ENVA. GAMMA Investing LLC increased its holdings in shares of Enova International by 27.6% in the second quarter. GAMMA Investing LLC now owns 855 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Enova International by 1.0% during 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 period. J.Safra Asset Management Corp grew its holdings in Enova International by 25.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,163 shares of the credit services provider’s stock worth $72,000 after acquiring an additional 233 shares during the period. Lazard Asset Management LLC boosted its position in shares of Enova International by 21.1% during the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 636 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Enova International in the 3rd quarter valued at $76,000. Institutional investors own 89.43% of the company’s stock.

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.