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

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

Enova International Stock Performance

Shares of ENVA stock opened at $100.61 on Friday. 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 company has a market capitalization of $2.64 billion, a P/E ratio of 16.05 and a beta of 1.42. The company’s 50 day moving average price is $84.86 and its two-hundred day moving average price is $73.85. Enova International, Inc. has a 52 week low of $38.89 and a 52 week high of $102.11.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $666.33 million. During the same period last year, the company earned $1.33 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. On average, analysts expect that Enova International, Inc. will post 8.04 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JMP Securities raised their price objective on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. TD Cowen raised their target price on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BTIG Research raised their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Finally, StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

Hedge Funds Weigh In On Enova International

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 32,779 shares during the last quarter. Smith Shellnut Wilson LLC ADV bought a new position in Enova International during the second quarter worth $235,000. SG Americas Securities LLC bought a new position in Enova International during the first quarter worth $223,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Enova International by 1.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock worth $1,694,000 after purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 acquiring an additional 185 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.