Enova International, Inc. (NYSE:ENVA) Short Interest Up 8.6% in November

Enova International, Inc. (NYSE:ENVA) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,760,000 shares, an increase of 8.6% from the October 31st total of 1,620,000 shares. Based on an average daily volume of 199,000 shares, the days-to-cover ratio is currently 8.8 days. Currently, 7.1% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now owns 389,925 shares in the company, valued at approximately $41,125,389.75. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James Joseph Lee sold 615 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.59, for a total value of $55,097.85. Following the completion of the transaction, the chief accounting officer now owns 20,646 shares in the company, valued at approximately $1,849,675.14. This trade represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,843 shares of company stock worth $7,496,779 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enova International

Institutional investors and hedge funds have recently modified their holdings of the stock. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Enova International during the 2nd quarter valued at $235,000. BNP Paribas Financial Markets lifted its holdings in shares of Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after purchasing an additional 12,928 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enova International in the third quarter valued at $772,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Enova International by 1.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,250 shares of the credit services provider’s stock valued at $1,694,000 after purchasing an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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. Institutional investors and hedge funds own 89.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities boosted their price target on 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 objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. BTIG Research upped their price objective on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International presently has an average rating of “Moderate Buy” and a consensus price target of $91.14.

Enova International Stock Performance

Shares of NYSE:ENVA traded up $0.34 during trading on Wednesday, hitting $105.99. 62,960 shares of the company traded hands, compared to its average volume of 229,065. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.85 and a beta of 1.46. The business’s fifty day moving average is $92.60 and its 200-day moving average is $78.95. Enova International has a one year low of $43.21 and a one year high of $108.15. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79.

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

Enova International announced that its Board of Directors has approved a share repurchase plan on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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.