Steven E. Cunningham Sells 29,158 Shares of Enova International, Inc. (NYSE:ENVA) Stock

Enova International, Inc. (NYSE:ENVA) CFO Steven E. Cunningham sold 29,158 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.53, for a total transaction of $2,610,515.74. Following the transaction, the chief financial officer now owns 130,355 shares of the company’s stock, valued at approximately $11,670,683.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Enova International Price Performance

Enova International stock opened at $88.24 on Thursday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.87 and a beta of 1.43. The firm’s fifty day moving average is $83.46 and its 200 day moving average is $72.28. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International, Inc. has a 52-week low of $38.89 and a 52-week high of $96.01.

Enova International (NYSE:ENVA) last announced its earnings results on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating 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 the consensus estimate of $666.33 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. Sell-side analysts forecast that Enova International, Inc. will post 7.74 EPS for the current fiscal year.

Enova International announced that its Board of Directors has authorized a stock buyback plan 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 plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ENVA. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen upped their target price on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities upped their target price on shares of Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 23rd. Finally, BTIG Research upped their price target 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. 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, Enova International currently has an average rating of “Moderate Buy” and an average target price of $88.33.

Institutional Investors Weigh In On Enova International

Several hedge funds and other institutional investors have recently made changes to their positions in ENVA. GAMMA Investing LLC raised its stake 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. J.Safra Asset Management Corp raised its stake in shares of 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 during the period. USA Financial Formulas purchased a new stake in shares of Enova International in the third quarter valued at $76,000. SG Americas Securities LLC purchased a new stake in shares of Enova International in the first quarter valued at $223,000. Finally, Lazard Asset Management LLC raised its stake in shares of Enova International by 21.1% in the first quarter. Lazard Asset Management LLC now owns 3,649 shares of the credit services provider’s stock valued at $228,000 after acquiring an additional 636 shares during the period. Hedge funds and other 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.