Enova International, Inc. (NYSE:ENVA - Get Free Report) CFO Steven E. Cunningham sold 2,455 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $89.75, for a total value of $220,336.25. Following the sale, the chief financial officer now owns 127,900 shares of the company's stock, valued at approximately $11,479,025. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Enova International Stock Down 2.3 %
Shares of NYSE:ENVA opened at $99.36 on Friday. Enova International, Inc. has a fifty-two week low of $38.89 and a fifty-two week high of $102.11. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. The firm's 50-day simple moving average is $84.26 and its 200-day simple moving average is $73.40. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 15.88 and a beta of 1.42.
Enova International (NYSE:ENVA - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $689.92 million for the quarter, compared to analyst estimates of $666.33 million. During the same quarter in the previous year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 25.1% compared to the same quarter last year. As a group, equities research analysts predict that Enova International, Inc. will post 8.04 earnings per share for the current year.
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Enova International announced that its Board of Directors has approved a stock repurchase program on Monday, August 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ENVA. Janney Montgomery Scott cut shares of Enova International from a "buy" rating to a "neutral" rating in a report on Monday, August 26th. BTIG Research raised their price objective on Enova International from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. TD Cowen lifted their target price on 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 raised Enova International from a "hold" rating to a "buy" rating in a research report on Monday, October 21st. Finally, JMP Securities lifted their price target on Enova International from $103.00 to $109.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.33.
Read Our Latest Research Report on ENVA
Hedge Funds Weigh In On Enova International
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted 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 in the last quarter. Foundry Partners LLC grew its holdings 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 worth $9,640,000 after acquiring an additional 15,519 shares during the period. SG Americas Securities LLC purchased a new position in Enova International in the 3rd quarter valued at approximately $772,000. Smith Shellnut Wilson LLC ADV acquired a new position in Enova International during the second quarter worth $235,000. Finally, F M Investments LLC purchased a new stake in Enova International during the third quarter worth $242,000. 89.43% of the stock is owned by institutional investors and hedge funds.
Enova International Company Profile
(
Get Free Report)
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.
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