Insider Selling: Enova International (NYSE:ENVA) CEO Sells $2,632,460.00 in Stock

Enova International, Inc. (NYSE:ENVA) CEO Steven Cunningham sold 15,305 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $172.00, for a total value of $2,632,460.00. Following the sale, the chief executive officer directly owned 118,789 shares in the company, valued at approximately $20,431,708. The trade was a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Enova International Trading Down 4.1%

Enova International stock opened at $173.56 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 11.95 and a beta of 1.28. The stock has a 50-day moving average price of $192.99 and a 200 day moving average price of $183.74. Enova International, Inc. has a 52 week low of $118.28 and a 52 week high of $267.45. The company has a current ratio of 18.92, a quick ratio of 18.91 and a debt-to-equity ratio of 3.43.

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

Institutional Trading of Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. USA Financial Formulas purchased a new position in shares of Enova International in the 3rd quarter worth $30,000. McIlrath & Eck LLC acquired a new position in Enova International in the first quarter valued at $34,000. Integrated Wealth Concepts LLC acquired a new position in Enova International in the second quarter valued at $52,000. Pacer Advisors Inc. grew its position in Enova International by 58.5% during the first quarter. Pacer Advisors Inc. now owns 412 shares of the credit services provider’s stock valued at $56,000 after acquiring an additional 152 shares during the period. Finally, Parallel Advisors LLC grew its position in Enova International by 1,503.3% during the first quarter. Parallel Advisors LLC now owns 481 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 451 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Key Enova International News

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENVA. TD Cowen boosted their price objective on shares of Enova International from $220.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Enova International in a research report on Thursday, October 15th. Stephens raised their target price on shares of Enova International from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Enova International in a research note on Friday, October 23rd. Finally, Maxim Group cut their price target on Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a report on Monday, October 26th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Enova International currently has an average rating of “Moderate Buy” and a consensus price target of $239.00.

Enova International Company Profile

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.