Insider Selling: Enova International (NYSE:ENVA) Insider Sells $4,798,335.27 in Stock

Enova International, Inc. (NYSE:ENVA) insider Kirk Chartier sold 27,977 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $171.51, for a total transaction of $4,798,335.27. Following the transaction, the insider owned 76,995 shares in the company, valued at $13,205,412.45. The trade was a 26.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Enova International Stock Performance

Enova International stock opened at $173.56 on Friday. The company has a debt-to-equity ratio of 3.43, a current ratio of 18.92 and a quick ratio of 18.91. The firm has a market capitalization of $4.25 billion, a P/E ratio of 11.95 and a beta of 1.28. Enova International, Inc. has a 1-year low of $118.28 and a 1-year high of $267.45. The company’s 50-day moving average is $192.99 and its 200 day moving average is $183.74.

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

Hedge Funds Weigh In On Enova International

A number of institutional investors have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. increased its stake in shares of Enova International by 49.4% during the third quarter. Prescott Group Capital Management L.L.C. now owns 135,898 shares of the credit services provider’s stock valued at $22,710,000 after buying an additional 44,946 shares during the period. XML Financial LLC raised its holdings in shares of Enova International by 106.1% in the third quarter. XML Financial LLC now owns 2,370 shares of the credit services provider’s stock valued at $396,000 after acquiring an additional 1,220 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Enova International by 1.7% in the third quarter. Aviance Capital Partners LLC now owns 12,708 shares of the credit services provider’s stock valued at $2,124,000 after acquiring an additional 211 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Enova International by 9.7% in the third quarter. Vise Technologies Inc. now owns 3,814 shares of the credit services provider’s stock valued at $637,000 after acquiring an additional 338 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Enova International in the third quarter worth about $69,000. 89.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ENVA. Maxim Group dropped their price objective on Enova International from $285.00 to $220.00 and set a “buy” rating for the company in a report on Monday, October 26th. Jefferies Financial Group reduced their target price on Enova International from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. TD Cowen lifted their target price 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 reiterated a “market outperform” rating on shares of Enova International in a research report on Friday, October 23rd. Finally, Stephens boosted their target price on shares of Enova International from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.00.

Enova International News Summary

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

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.