Enova International (NYSE:ENVA) CEO David Fisher Sells 6,000 Shares

Enova International, Inc. (NYSE:ENVA) CEO David Fisher sold 6,000 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $124.25, for a total value of $745,500.00. Following the transaction, the chief executive officer directly owned 348,223 shares in the company, valued at $43,266,707.75. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 27th, David Fisher sold 6,000 shares of Enova International stock. The stock was sold at an average price of $122.61, for a total value of $735,660.00.
• On Wednesday, September 17th, David Fisher sold 35,000 shares of Enova International stock. The shares were sold at an average price of $125.55, for a total value of $4,394,250.00.
• On Friday, September 19th, David Fisher sold 6,000 shares of Enova International stock. The shares were sold at an average price of $125.89, for a total value of $755,340.00.
• On Thursday, September 4th, David Fisher sold 20,000 shares of Enova International stock. The stock was sold at an average price of $121.96, for a total value of $2,439,200.00.

Enova International Stock Performance

Shares of Enova International stock traded up $4.35 during trading hours on Tuesday, reaching $130.49. 413,489 shares of the stock traded hands, compared to its average volume of 272,483. The company has a quick ratio of 18.15, a current ratio of 19.29 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 11.99 and a beta of 1.47. The company has a 50 day moving average price of $118.86 and a 200 day moving average price of $110.76. Enova International, Inc. has a one year low of $79.41 and a one year high of $133.33.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 23rd. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.33. Enova International had a net margin of 9.64% and a return on equity of 24.50%. The company had revenue of $460.71 million during the quarter, compared to analyst estimates of $806.63 million. During the same period in the previous year, the business posted $2.45 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, equities research analysts expect that Enova International, Inc. will post 10.31 earnings per share for the current fiscal year.

Enova International declared that its Board of Directors has approved a share buyback program on Wednesday, November 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ENVA. Zacks Research lowered Enova International from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. BTIG Research boosted their price objective on Enova International from $129.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Wednesday, October 8th. JMP Securities lifted their price target on shares of Enova International from $135.00 to $149.00 and gave the company a “market outperform” rating in a report on Friday, October 24th. Finally, Wall Street Zen cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $116.80.

Hedge Funds Weigh In On Enova International

Several institutional investors have recently bought and sold shares of ENVA. Pacer Advisors Inc. bought a new position in shares of Enova International during the 3rd quarter valued at about $28,000. Bessemer Group Inc. grew its holdings in Enova International by 174.2% during the 3rd quarter. Bessemer Group Inc. now owns 255 shares of the credit services provider’s stock valued at $30,000 after buying an additional 162 shares in the last quarter. Strs Ohio purchased a new position in Enova International during the 3rd quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its stake in Enova International by 350.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 450 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 350 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Enova International during the 1st quarter worth approximately $56,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

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.