Enova International, Inc. (NYSE:ENVA) Short Interest Update

Enova International, Inc. (NYSE:ENVA) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,290,000 shares, a growth of 10.3% from the March 31st total of 1,170,000 shares. Based on an average trading volume of 273,200 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.8% of the shares of the company are sold short.

Enova International Stock Performance

Shares of NYSE ENVA opened at $61.04 on Thursday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 10.98 and a beta of 1.55. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64. Enova International has a 1-year low of $35.30 and a 1-year high of $65.00. The stock’s 50-day moving average is $61.73 and its 200 day moving average is $54.03.

Enova International (NYSE:ENVA) last announced its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $583.59 million for the quarter, compared to analysts’ expectations of $587.34 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. On average, sell-side analysts anticipate that Enova International will post 7.34 EPS for the current fiscal year.

Insider Transactions at Enova International

In other news, CFO Steven E. Cunningham sold 30,590 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.00, for a total transaction of $1,927,170.00. Following the completion of the transaction, the chief financial officer now owns 141,713 shares in the company, valued at approximately $8,927,919. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Sean Rahilly sold 2,347 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $60.40, for a total transaction of $141,758.80. Following the sale, the general counsel now owns 107,992 shares of the company’s stock, valued at approximately $6,522,716.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven E. Cunningham sold 30,590 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.00, for a total value of $1,927,170.00. Following the sale, the chief financial officer now directly owns 141,713 shares in the company, valued at approximately $8,927,919. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,528 shares of company stock worth $3,726,727. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enova International

A number of large investors have recently modified their holdings of ENVA. Orchard Capital Management LLC raised its holdings in shares of Enova International by 30.0% during the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock valued at $12,862,000 after buying an additional 53,647 shares in the last quarter. BNP Paribas Financial Markets grew its position in Enova International by 172.5% during the 1st quarter. BNP Paribas Financial Markets now owns 51,781 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 32,779 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in Enova International in the 3rd quarter worth approximately $928,000. Campbell & CO Investment Adviser LLC purchased a new position in Enova International in the 4th quarter worth approximately $957,000. Finally, Foundry Partners LLC increased its stake in Enova International by 7.3% in the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after purchasing an additional 9,357 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Maxim Group increased their price objective on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JMP Securities increased their price objective on Enova International from $73.00 to $78.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 24th. BMO Capital Markets raised their price target on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Jefferies Financial Group raised their price target on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Finally, TheStreet cut Enova International from a “b” rating to a “c+” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Enova International has a consensus rating of “Moderate Buy” and an average price target of $67.60.

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.