Insider Selling: Enova International (NYSE:ENVA) Chairman Sells $1,773,939.12 in Stock

Enova International, Inc. (NYSE:ENVA) Chairman David Fisher sold 9,957 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $178.16, for a total transaction of $1,773,939.12. Following the completion of the sale, the chairman directly owned 306,444 shares of the company’s stock, valued at approximately $54,596,063.04. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David Fisher also recently made the following trade(s):

• On Tuesday, October 27th, David Fisher sold 13,200 shares of Enova International stock. The stock was sold at an average price of $171.79, for a total value of $2,267,628.00.
• On Thursday, September 17th, David Fisher sold 20,750 shares of Enova International stock. The shares were sold at an average price of $178.24, for a total transaction of $3,698,480.00.
• On Tuesday, August 25th, David Fisher sold 9,491 shares of Enova International stock. The stock was sold at an average price of $244.01, for a total value of $2,315,898.91.
• On Wednesday, August 26th, David Fisher sold 9,078 shares of Enova International stock. The shares were sold at an average price of $239.16, for a total value of $2,171,094.48.

Enova International Trading Down 4.1%

NYSE ENVA opened at $173.56 on Friday. The firm has a 50 day simple moving average of $192.99 and a 200-day simple moving average of $183.74. The company has a debt-to-equity ratio of 3.43, a quick ratio of 18.91 and a current ratio of 18.92. Enova International, Inc. has a one year low of $118.28 and a one year high of $267.45. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 11.95 and a beta of 1.28.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, October 22nd. The credit services provider reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.42 by $0.06. Enova International had a net margin of 10.47% and a return on equity of 27.25%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $3.36 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities research analysts anticipate that Enova International, Inc. will post 16.32 EPS for the current fiscal year.

Trending Headlines about Enova International

Here are the key news stories impacting Enova International this week:

• Positive Sentiment: Enova’s latest quarterly results were better than expected, with adjusted earnings of $4.48 per share versus the $4.42 consensus and revenue of approximately $1.01 billion. Revenue increased 25.7% year over year, supporting the company’s earnings-growth outlook. Analysts remain broadly constructive, with eight Buy ratings and an average price target of $239. Enova earnings and valuation analysis
• Neutral Sentiment: Institutional ownership remains high at about 89%, and several large investment managers increased their positions during recent quarters. This indicates continued support from professional investors, although it has not offset recent selling pressure. Enova institutional and insider trading data
• Negative Sentiment: Glancy Prongay Wolke & Rotter LLP is continuing to investigate possible securities fraud claims involving Enova. Pomerantz LLP separately announced an investor investigation. The announcements do not establish wrongdoing, but they increase potential legal costs, reputational risk and uncertainty for shareholders. Glancy Prongay Wolke & Rotter investigation Pomerantz investor investigation
• Negative Sentiment: Company insiders sold substantial amounts of stock: Chairman David Fisher sold roughly $4.04 million across October 27–28, CEO Steven Cunningham sold $2.63 million, and insider Kirk Chartier sold $4.80 million. The sales reduced their holdings by approximately 3% to 27% and may be interpreted as a near-term confidence concern, even though insider selling can also reflect personal financial planning. SEC insider trading filing

Institutional Trading of Enova International

A number of large investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in shares of Enova International in the 3rd quarter valued at approximately $30,000. McIlrath & Eck LLC bought a new position in shares of Enova International in the first quarter worth $34,000. Integrated Wealth Concepts LLC bought a new stake in Enova International during the second quarter worth approximately $52,000. Pacer Advisors Inc. raised its position in Enova International by 58.5% in the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock worth $56,000 after acquiring an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Enova International by 1,503.3% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stephens increased their price objective on Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. TD Cowen boosted their price objective on Enova International from $220.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Citigroup restated a “market outperform” rating on shares of Enova International in a research note on Friday, October 23rd. Maxim Group decreased their price target on shares of Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Finally, Citizens Jmp lifted their price target on shares of Enova International from $215.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Friday, October 23rd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Enova International currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.00.

About Enova International

Enova International, Inc is a financial technology company that provides online financial services to consumers and small businesses. Its offerings include consumer installment loans and lines of credit, as well as small-business financing products designed to provide access to working capital. The company serves customers who may have limited access to traditional bank credit and uses data-driven underwriting and technology-enabled platforms in its lending operations.

Enova markets its products through brands including CashNetUSA and NetCredit, which provide consumer financial services, and OnDeck, which focuses on lending to small businesses.