Insider Selling: Enova International (NYSE:ENVA) CEO Sells $1,888,426.68 in Stock

Enova International, Inc. (NYSE:ENVA) CEO Steven Cunningham sold 11,436 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $165.13, for a total value of $1,888,426.68. Following the completion of the sale, the chief executive officer directly owned 127,719 shares of the company’s stock, valued at $21,090,238.47. This trade represents a 8.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Enova International Stock Down 7.7%

NYSE ENVA traded down $13.19 during mid-day trading on Tuesday, hitting $159.18. The company’s stock had a trading volume of 805,795 shares, compared to its average volume of 374,451. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 13.75 and a beta of 1.25. The company’s 50 day simple moving average is $155.03 and its 200 day simple moving average is $129.65. The company has a current ratio of 9.48, a quick ratio of 19.29 and a debt-to-equity ratio of 3.37. Enova International, Inc. has a twelve month low of $79.41 and a twelve month high of $176.68.

Enova International (NYSE:ENVA) last released its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.29. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $838.59 million. Enova International had a net margin of 9.78% and a return on equity of 25.31%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $2.61 earnings per share. Analysts anticipate that Enova International, Inc. will post 10.31 earnings per share for the current year.

Enova International declared that its board has initiated a share repurchase plan on Wednesday, November 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the credit services provider to buy up to 12.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Enova International

Several institutional investors and hedge funds have recently bought and sold shares of ENVA. J.Safra Asset Management Corp boosted its stake in Enova International by 40.8% during the second quarter. J.Safra Asset Management Corp now owns 5,327 shares of the credit services provider’s stock valued at $591,000 after buying an additional 1,543 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Enova International during the 2nd quarter valued at about $2,169,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Enova International during the second quarter worth about $210,000. CSM Advisors LLC bought a new position in shares of Enova International in the second quarter worth approximately $5,974,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in Enova International by 6.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,754 shares of the credit services provider’s stock valued at $642,000 after purchasing an additional 331 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several recent analyst reports. JMP Securities upped their target price on shares of Enova International from $135.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, October 24th. Citizens Jmp raised their price target on shares of Enova International from $180.00 to $182.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 28th. Citigroup reiterated an “outperform” rating on shares of Enova International in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research note on Thursday, January 22nd. Finally, Maxim Group set a $191.00 price target on Enova International in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $172.83.

Enova International Company Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.