Enova International, Inc. (NYSE:ENVA) CAO Sells $55,097.85 in Stock

Enova International, Inc. (NYSE:ENVA) CAO James Joseph Lee sold 615 shares of Enova International stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.59, for a total transaction of $55,097.85. Following the completion of the sale, the chief accounting officer now owns 20,646 shares of the company’s stock, valued at $1,849,675.14. 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 1.4 %

Shares of Enova International stock opened at $86.89 on Friday. 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. The company has a market capitalization of $2.45 billion, a P/E ratio of 15.63 and a beta of 1.43. The company has a 50 day moving average of $83.55 and a 200 day moving average of $72.38.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.14. The business 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. As a group, research analysts forecast that Enova International, Inc. will post 7.74 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ENVA. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 32,779 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Enova International in the 1st quarter valued at $223,000. Foundry Partners LLC grew its position in shares of Enova International by 11.3% in the 1st quarter. Foundry Partners LLC now owns 153,427 shares of the credit services provider’s stock valued at $9,640,000 after buying an additional 15,519 shares during the last quarter. J.Safra Asset Management Corp grew its position in shares of Enova International by 83.8% in the 1st quarter. J.Safra Asset Management Corp now owns 930 shares of the credit services provider’s stock valued at $58,000 after buying an additional 424 shares during the last quarter. Finally, Lazard Asset Management LLC raised 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 worth $228,000 after acquiring an additional 636 shares in the last quarter. 89.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENVA has been the topic of several research analyst reports. JMP Securities boosted their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a 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. BTIG Research raised their price objective 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. 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 note on Wednesday, October 23rd. Finally, Janney Montgomery Scott cut shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

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.